First Acceptance (OTCMKTS:FACO) Announces Quarterly Earnings Results

First Acceptance (OTCMKTS:FACO) announced its quarterly earnings data on Tuesday. The company reported $0.27 earnings per share (EPS) for the quarter, Zacks reports. First Acceptance had a net margin of 4.66% and a return on equity of 14.50%.

First Acceptance Trading Up 2.6%

Shares of OTCMKTS FACO traded up $0.08 during trading on Tuesday, hitting $3.33. 6,891 shares of the company traded hands, compared to its average volume of 6,507. First Acceptance has a 1 year low of $2.88 and a 1 year high of $3.95. The company has a 50-day moving average price of $3.41 and a 200-day moving average price of $3.37. The firm has a market capitalization of $122.03 million, a P/E ratio of 5.20 and a beta of 0.02. The company has a quick ratio of 0.62, a current ratio of 0.62 and a debt-to-equity ratio of 0.24.

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.