First Acceptance (OTCMKTS:FACO) Shares Up 4.4% - Here's Why

First Acceptance Co. (OTCMKTS:FACO - Get Free Report)'s stock price shot up 4.4% on Wednesday . The stock traded as high as $3.12 and last traded at $3.11. 4,365 shares traded hands during trading, an increase of 75% from the average session volume of 2,496 shares. The stock had previously closed at $2.98.

First Acceptance Stock Up 1.0 %

The stock has a 50-day moving average of $3.21 and a 200 day moving average of $3.45. The company has a market capitalization of $119.79 million, a PE ratio of 1.50 and a beta of 0.21. The company has a quick ratio of 0.57, a current 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 data on Wednesday, November 6th. The company reported $0.14 earnings per share (EPS) for the quarter. First Acceptance had a net margin of 12.41% and a return on equity of 53.03%. The business had revenue of $129.26 million during the quarter.

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.