First Acceptance (OTCMKTS:FACO) Shares Down 0.5%

First Acceptance Co. (OTCMKTS:FACO)’s share price fell 0.5% on Friday . The company traded as low as $2.61 and last traded at $2.64. 5,750 shares changed hands during trading, a decline of 29% from the average session volume of 8,049 shares. The stock had previously closed at $2.65.

First Acceptance Price Performance

The company has a current ratio of 0.76, a quick ratio of 0.76 and a debt-to-equity ratio of 0.30. The business has a 50-day moving average price of $2.50 and a two-hundred day moving average price of $2.03. The firm has a market capitalization of $100.46 million, a price-to-earnings ratio of 1.37 and a beta of 0.14.

First Acceptance (OTCMKTS:FACO) last announced its quarterly earnings results on Tuesday, March 5th. The company reported $1.62 earnings per share for the quarter. The business had revenue of $216.40 million for the quarter. First Acceptance had a return on equity of 83.33% and a net margin of 13.19%.

First Acceptance Company Profile

First Acceptance Corporation, together with its subsidiaries, operates as a retailer, servicer, and underwriter of non-standard personal automobile insurance and related products in the United States. It issues non-standard automobile insurance policies to individuals based on their inability or unwillingness to obtain insurance coverage from standard carriers due to various factors, including their payment preference, failure to maintain continuous insurance coverage, or driving record.