First Acceptance (OTCMKTS:FACO) Shares Up 0.9% – Still a Buy?

First Acceptance Corporation (OTCMKTS:FACO)’s share price traded up 0.9% during mid-day trading on Tuesday . The stock traded as high as $5.55 and last traded at $5.45. 2,165 shares traded hands during mid-day trading, a decline of 72% from the average session volume of 7,741 shares. The stock had previously closed at $5.40.

First Acceptance Price Performance

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 has a 50-day simple moving average of $5.38 and a 200 day simple moving average of $4.78. The stock has a market capitalization of $200.05 million, a price-to-earnings ratio of 5.77 and a beta of 0.21.

First Acceptance (OTCMKTS:FACO) last issued its earnings results on Tuesday, May 5th. The company reported $0.22 earnings per share for the quarter. The company had revenue of $118.38 million for the quarter. First Acceptance had a return on equity of 17.90% and a net margin of 7.11%.

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.