First Acceptance (OTCMKTS:FACO – Get Free Report) released its quarterly earnings results 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 Trading Up 0.4%
OTCMKTS FACO opened at $5.42 on Wednesday. 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 current ratio of 0.63 and a quick ratio of 0.63. The business’s fifty day moving average is $5.43 and its 200-day moving average is $4.85. 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 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.
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