First Acceptance (OTCMKTS:FACO) Stock Price Up 4.4% – Here’s Why

First Acceptance Co. (OTCMKTS:FACO)’s stock price rose 4.4% on Wednesday . The company traded as high as $3.12 and last traded at $3.11. Approximately 4,365 shares traded hands during mid-day trading, an increase of 75% from the average daily volume of 2,496 shares. The stock had previously closed at $2.98.

First Acceptance Price Performance

The business has a fifty day moving average of $3.22 and a 200 day moving average of $3.46. The company has a debt-to-equity ratio of 0.25, a current ratio of 0.57 and a quick ratio of 0.57. The stock has a market cap of $118.65 million, a PE ratio of 1.49 and a beta of 0.21.

First Acceptance (OTCMKTS:FACO) last issued its quarterly earnings results on Wednesday, November 6th. The company reported $0.14 earnings per share (EPS) for the quarter. First Acceptance had a net margin of 12.41% and a return on equity of 53.03%. The business had revenue of $129.26 million during the quarter.

About First Acceptance

First Acceptance Corporation, together with its subsidiaries, operates as a retailer, servicer, and underwriter of non-standard personal automobile insurance and related products in the United States. It issues non-standard automobile insurance policies to individuals based on their inability or unwillingness to obtain insurance coverage from standard carriers due to various factors, including their payment preference, failure to maintain continuous insurance coverage, or driving record.