First Acceptance (OTCMKTS:FACO) Shares Down 3.9% - Here's What Happened

First Acceptance Co. (OTCMKTS:FACO - Get Free Report) shares dropped 3.9% during mid-day trading on Monday . The stock traded as low as $3.37 and last traded at $3.42. Approximately 29,708 shares changed hands during mid-day trading, an increase of 300% from the average daily volume of 7,429 shares. The stock had previously closed at $3.56.

First Acceptance Trading Down 4.6 %

The firm's 50-day moving average price is $3.43 and its 200 day moving average price is $3.32. The company has a market cap of $121.71 million, a price-to-earnings ratio of 1.58 and a beta of 0.08. 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 (OTCMKTS:FACO - Get Free Report) last posted its quarterly earnings results on Tuesday, March 4th. The company reported $0.21 EPS for the quarter. The business had revenue of $127.23 million during the quarter. First Acceptance had a net margin of 12.41% and a return on equity of 53.03%.

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.