First Acceptance (OTCMKTS:FACO) Releases Quarterly Earnings Results

First Acceptance (OTCMKTS:FACO) announced its quarterly earnings data on Tuesday. The company reported $0.26 earnings per share for the quarter, Zacks reports. First Acceptance had a net margin of 7.11% and a return on equity of 17.90%.

First Acceptance Stock Performance

Shares of OTCMKTS:FACO traded up $0.02 on Tuesday, hitting $5.42. 1,606 shares of the company were exchanged, compared to its average volume of 7,575. First Acceptance has a one year low of $3.17 and a one year high of $5.84. The company has a debt-to-equity ratio of 0.20, a quick ratio of 0.63 and a current ratio of 0.63. The company’s 50 day moving average price is $5.43 and its two-hundred day moving average price is $4.84. The firm has a market capitalization of $200.05 million, a price-to-earnings ratio of 5.77 and a beta of 0.21.

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.