First Acceptance (OTCMKTS:FACO) Announces Earnings Results

First Acceptance (OTCMKTS:FACO) released its earnings results on Tuesday. The company reported $0.21 EPS for the quarter, Zacks reports. First Acceptance had a net margin of 12.41% and a return on equity of 53.03%.

First Acceptance Stock Performance

Shares of OTCMKTS:FACO remained flat at $3.13 during midday trading on Tuesday. The business has a 50-day moving average price of $3.13 and a two-hundred day moving average price of $3.29. The company has a debt-to-equity ratio of 0.25, a current ratio of 0.57 and a quick ratio of 0.57. First Acceptance has a fifty-two week low of $2.00 and a fifty-two week high of $4.35. The company has a market capitalization of $119.28 million, a P/E ratio of 1.50 and a beta of 0.19.

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.