First Acceptance (OTCMKTS:FACO) Trading Down 2%

First Acceptance Co. (OTCMKTS:FACO) shares dropped 2% on Tuesday . The company traded as low as $3.91 and last traded at $4.00. Approximately 900 shares were traded during trading, a decline of 90% from the average daily volume of 9,265 shares. The stock had previously closed at $4.08.

First Acceptance Stock Up 2.0 %

The company has a debt-to-equity ratio of 0.28, a quick ratio of 0.70 and a current ratio of 0.70. The stock has a market capitalization of $155.53 million, a P/E ratio of 1.93 and a beta of 0.19. The stock’s fifty day simple moving average is $3.51 and its two-hundred day simple moving average is $2.73.

First Acceptance (OTCMKTS:FACO) last posted its earnings results on Tuesday, May 7th. The company reported $0.18 earnings per share for the quarter. First Acceptance had a net margin of 13.11% and a return on equity of 73.36%. The firm had revenue of $145.26 million for the quarter.

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.