First Acceptance (OTCMKTS:FACO) Posts Earnings Results

First Acceptance (OTCMKTS:FACO) announced its quarterly earnings results on Tuesday. The company reported $0.24 earnings per share for the quarter, Zacks reports. The business had revenue of $99.91 million during the quarter. First Acceptance had a net margin of 5.47% and a return on equity of 16.58%.

First Acceptance Stock Performance

Shares of OTCMKTS FACO opened at $4.14 on Wednesday. The company has a debt-to-equity ratio of 0.21, a current ratio of 0.59 and a quick ratio of 0.59. The firm has a 50-day moving average of $4.14 and a 200 day moving average of $3.77. First Acceptance has a 1 year low of $3.00 and a 1 year high of $4.49. The stock has a market cap of $151.87 million, a P/E ratio of 5.38 and a beta of 0.07.

First Acceptance Company Profile

First Acceptance Corporation (OTCMKTS: FACO) is a specialty underwriter that focuses on directly marketed print and supplemental health insurance products. Through a network of postal and digital marketing channels, the company offers fixed indemnity medical plans designed to help policyholders manage out-of-pocket healthcare expenses. In addition to core health insurance plans, First Acceptance markets a variety of supplemental coverage options, including dental, accident and critical illness policies.

Beyond its print health business, First Acceptance operates an insurance risk retention group that enables member organizations to pool risk and purchase liability and healthcare benefit programs.