First Acceptance (OTCMKTS:FACO) Trading Up 0.8% – Time to Buy?

First Acceptance Corporation (OTCMKTS:FACO) shares rose 0.8% during mid-day trading on Thursday . The company traded as high as $4.45 and last traded at $4.45. Approximately 4,000 shares changed hands during trading, a decline of 59% from the average daily volume of 9,674 shares. The stock had previously closed at $4.4135.

First Acceptance Trading Down 1.1%

The company has a quick ratio of 0.64, a current ratio of 0.64 and a debt-to-equity ratio of 0.20. The stock’s 50 day moving average is $4.21 and its two-hundred day moving average is $3.89. The company has a market capitalization of $162.45 million, a PE ratio of 5.50 and a beta of 0.07.

First Acceptance (OTCMKTS:FACO) last posted its quarterly earnings results on Tuesday, March 3rd. The company reported $0.24 EPS for the quarter. First Acceptance had a net margin of 5.97% and a return on equity of 16.23%. The business had revenue of $99.91 million during the quarter.

About First Acceptance

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.