First Acceptance (OTCMKTS:FACO) Stock Price Up 0.9% – Still a Buy?

First Acceptance Corporation (OTCMKTS:FACO)’s share price rose 0.9% on Tuesday . The stock traded as high as $5.55 and last traded at $5.45. 2,165 shares were traded during trading, a decline of 72% from the average daily volume of 7,741 shares. The stock had previously closed at $5.40.

First Acceptance Stock Performance

The company has a market cap of $201.16 million, a P/E ratio of 5.80 and a beta of 0.21. The company has a quick ratio of 0.63, a current ratio of 0.63 and a debt-to-equity ratio of 0.20. The company has a 50 day moving average price of $5.37 and a 200-day moving average price of $4.77.

First Acceptance (OTCMKTS:FACO) last posted its quarterly earnings data on Tuesday, May 5th. The company reported $0.22 earnings per share for the quarter. The business had revenue of $118.38 million during the quarter. First Acceptance had a net margin of 7.11% and a return on equity of 17.90%.

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.