First Acceptance (OTCMKTS:FACO) Trading 4.4% Higher – Here’s Why

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

First Acceptance Price Performance

The company’s 50 day simple moving average is $3.22 and its 200-day simple moving average is $3.46. The company has a current ratio of 0.57, a quick ratio of 0.57 and a debt-to-equity ratio of 0.25. The company has a market capitalization of $118.65 million, a price-to-earnings ratio of 1.49 and a beta of 0.21.

First Acceptance (OTCMKTS:FACO) last posted its quarterly earnings results on Wednesday, November 6th. The company reported $0.14 earnings per share for the quarter. The company had revenue of $129.26 million for the quarter. First Acceptance had a net margin of 12.41% and a return on equity of 53.03%.

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.