First Acceptance (OTCMKTS:FACO) Stock Price Down 0.5%

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

First Acceptance Trading Down 0.5 %

The company has a market capitalization of $100.46 million, a price-to-earnings ratio of 1.37 and a beta of 0.14. The company has a 50-day moving average price of $2.50 and a 200-day moving average price of $2.03. The company has a quick ratio of 0.76, a current ratio of 0.76 and a debt-to-equity ratio of 0.30.

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

About First Acceptance

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.