First Acceptance (OTCMKTS:FACO) Shares Down 3.1%

First Acceptance Co. (OTCMKTS:FACO) shares traded down 3.1% on Wednesday . The company traded as low as $3.07 and last traded at $3.09. 7,765 shares changed hands during trading, a decline of 28% from the average session volume of 10,854 shares. The stock had previously closed at $3.19.

First Acceptance Stock Down 3.1 %

The firm’s fifty day moving average is $3.67 and its two-hundred day moving average is $3.41. The firm has a market cap of $117.78 million, a price-to-earnings ratio of 1.49 and a beta of 0.21. The company has a debt-to-equity ratio of 0.27, a current ratio of 0.59 and a quick ratio of 0.59.

First Acceptance (OTCMKTS:FACO) last issued its quarterly earnings results on Tuesday, August 13th. The company reported $0.15 earnings per share (EPS) for the quarter. First Acceptance had a return on equity of 63.60% and a net margin of 12.61%. The firm had revenue of $157.68 million during the quarter.

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.