First Acceptance (OTCMKTS:FACO) Issues Quarterly Earnings Results

First Acceptance (OTCMKTS:FACO) released its earnings results on Tuesday. The company reported $0.21 earnings per share for the quarter, Zacks reports. First Acceptance had a net margin of 12.41% and a return on equity of 53.03%.

First Acceptance Price Performance

Shares of FACO remained flat at $3.13 during trading hours on Tuesday. First Acceptance has a twelve month low of $2.00 and a twelve month high of $4.35. The firm’s 50-day simple moving average is $3.13 and its 200-day simple moving average is $3.29. The stock has a market capitalization of $119.28 million, a price-to-earnings ratio of 1.50 and a beta of 0.19. The company has a current ratio of 0.57, a quick ratio of 0.57 and a debt-to-equity ratio of 0.25.

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.