First Acceptance (OTCMKTS:FACO) Releases Earnings Results

First Acceptance (OTCMKTS:FACO) released its quarterly earnings results on Tuesday. The company reported $0.26 earnings per share (EPS) for the quarter, Zacks reports. The business had revenue of $123.14 million during the quarter. First Acceptance had a return on equity of 19.01% and a net margin of 7.82%.

First Acceptance Price Performance

FACO traded up $0.04 during trading on Thursday, hitting $6.04. 2,900 shares of the company traded hands, compared to its average volume of 7,939. The company has a market cap of $222.94 million, a PE ratio of 6.10 and a beta of 0.21. First Acceptance has a 1 year low of $3.24 and a 1 year high of $6.04. The company has a current ratio of 0.63, a quick ratio of 0.63 and a debt-to-equity ratio of 0.20. The stock’s 50-day simple moving average is $5.45 and its two-hundred day simple moving average is $4.87.

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.