First Acceptance (OTCMKTS:FACO) Trading 0.7% Higher – Here’s What Happened

First Acceptance Corporation (OTCMKTS:FACO)’s stock price shot up 0.7% during mid-day trading on Monday . The stock traded as high as $5.41 and last traded at $5.41. Approximately 4,100 shares changed hands during mid-day trading, an increase of 61% from the average daily volume of 2,545 shares. The stock had previously closed at $5.37.

First Acceptance Stock Down 0.9%

The business has a fifty day moving average of $5.22 and a 200 day moving average of $4.57. The firm has a market cap of $197.84 million, a P/E ratio of 5.70 and a beta of 0.20. The company has a quick ratio of 0.63, a current ratio of 0.63 and a debt-to-equity ratio of 0.20.

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

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.