First Acceptance (OTCMKTS:FACO) Releases Quarterly Earnings Results

First Acceptance (OTCMKTS:FACO) issued its quarterly earnings results on Tuesday. The company reported $0.22 earnings per share for the quarter, Zacks reports. First Acceptance had a return on equity of 16.23% and a net margin of 5.97%.

First Acceptance Stock Down 1.4%

Shares of OTCMKTS:FACO traded down $0.07 on Tuesday, reaching $5.02. The company had a trading volume of 3,300 shares, compared to its average volume of 7,432. First Acceptance has a 52-week low of $3.00 and a 52-week high of $5.38. The company has a current ratio of 0.64, a quick ratio of 0.64 and a debt-to-equity ratio of 0.20. The firm has a market capitalization of $185.24 million, a PE ratio of 6.28 and a beta of 0.16. The firm’s 50 day simple moving average is $4.61 and its 200-day simple moving average is $4.13.

First Acceptance Company Profile

First Acceptance Corporation (OTCMKTS: FACO) is a specialty underwriter that focuses on directly marketed print and supplemental health insurance products. Through a network of postal and digital marketing channels, the company offers fixed indemnity medical plans designed to help policyholders manage out-of-pocket healthcare expenses. In addition to core health insurance plans, First Acceptance markets a variety of supplemental coverage options, including dental, accident and critical illness policies.

Beyond its print health business, First Acceptance operates an insurance risk retention group that enables member organizations to pool risk and purchase liability and healthcare benefit programs.