First Acceptance (OTCMKTS:FACO) Releases Earnings Results

First Acceptance (OTCMKTS:FACO - Get Free Report) released its quarterly earnings data on Tuesday. The company reported $0.21 earnings per share (EPS) for the quarter, Zacks reports. First Acceptance had a net margin of 12.41% and a return on equity of 53.03%. The company had revenue of $127.23 million during the quarter.

First Acceptance Stock Down 1.4 %

Shares of OTCMKTS FACO traded down $0.05 during trading on Friday, reaching $3.45. 4,125 shares of the stock were exchanged, compared to its average volume of 4,495. The business's 50-day moving average price is $3.14 and its 200 day moving average price is $3.29. First Acceptance has a twelve month low of $2.59 and a twelve month high of $4.35. The company has a quick ratio of 0.57, a current ratio of 0.57 and a debt-to-equity ratio of 0.25. The company has a market capitalization of $131.48 million, a price-to-earnings ratio of 1.65 and a beta of 0.10.

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.