First Acceptance (OTCMKTS:FACO – Get Free Report) posted its earnings results on Tuesday. The company reported $0.16 earnings per share (EPS) for the quarter, Zacks reports. First Acceptance had a net margin of 7.82% and a return on equity of 18.63%.
First Acceptance Stock Performance
Shares of FACO stock remained flat at $6.00 during trading hours on Tuesday. 241 shares of the stock were exchanged, compared to its average volume of 4,877. The company has a current ratio of 0.62, a quick ratio of 0.62 and a debt-to-equity ratio of 0.19. The business has a 50 day moving average of $6.06 and a two-hundred day moving average of $5.23. First Acceptance has a 52-week low of $3.25 and a 52-week high of $6.90. The firm has a market capitalization of $220.33 million, a price-to-earnings ratio of 6.06 and a beta of 0.23.
First Acceptance Company Profile
First Acceptance Corporation is an insurance holding company associated with Acceptance Insurance, a provider of personal automobile insurance for drivers who may have difficulty obtaining coverage through standard insurance carriers. The company’s business is focused primarily on the nonstandard auto insurance market.
Through its insurance operations, First Acceptance offers automobile liability coverage and related protection, including options that may cover damage to a policyholder’s vehicle.
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