First Acceptance Corporation (OTCMKTS:FACO – Get Free Report) was the recipient of a significant growth in short interest during the month of September. As of September 30th, there was short interest totaling 218 shares. Based on an average daily volume of 93,147 shares, the days-to-cover ratio is currently 0.0 days. Approximately 0.0% of the shares of the company are short sold.
First Acceptance Stock Performance
OTCMKTS FACO traded up $0.03 during trading hours on Wednesday, reaching $6.00. The company’s stock had a trading volume of 3,100 shares, compared to its average volume of 9,199. The stock has a market cap of $220.32 million, a PE ratio of 6.06 and a beta of 0.23. The business has a 50-day simple moving average of $6.07 and a 200 day simple moving average of $5.51. First Acceptance has a 52 week low of $3.24 and a 52 week high of $6.48. The company has a current ratio of 0.62, a quick ratio of 0.62 and a debt-to-equity ratio of 0.19.
First Acceptance (OTCMKTS:FACO – Get Free Report) last announced its quarterly earnings results on Tuesday, August 4th. The company reported $0.26 earnings per share (EPS) for the quarter. First Acceptance had a net margin of 7.82% and a return on equity of 18.63%. The company had revenue of $123.14 million during the quarter.
About First Acceptance
First Acceptance Corporation is an insurance holding company that provides personal automobile insurance, primarily serving drivers who may have difficulty obtaining coverage through standard insurers. Its insurance products are marketed under the Acceptance Insurance brand and are designed to meet state-required liability coverage and other vehicle-insurance needs.
The company distributes policies through a network of retail locations, independent agents and digital channels. In addition to nonstandard auto insurance, its offerings have included related products and services such as vehicle physical-damage coverage, roadside assistance and other ancillary insurance products, depending on the customer’s state and eligibility.
First Acceptance has historically focused on selected U.S.
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