First Acceptance (OTCMKTS:FACO) Shares Up 5.1%

First Acceptance Co. (OTCMKTS:FACO)’s stock price shot up 5.1% on Wednesday . The stock traded as high as $1.65 and last traded at $1.65. 26,845 shares changed hands during trading, an increase of 151% from the average session volume of 10,676 shares. The stock had previously closed at $1.57.

First Acceptance Stock Performance

The firm has a market capitalization of $62.96 million, a price-to-earnings ratio of 6.88 and a beta of -0.03. The company has a fifty day moving average of $1.23 and a two-hundred day moving average of $1.11. The company has a debt-to-equity ratio of 0.59, a quick ratio of 0.68 and a current ratio of 0.68.

First Acceptance (OTCMKTS:FACO) last released its quarterly earnings results on Tuesday, November 7th. The company reported $0.19 earnings per share for the quarter. The business had revenue of $133.63 million during the quarter. First Acceptance had a return on equity of 13.86% and a net margin of 2.17%.

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.