First Acceptance (OTCMKTS:FACO) Trading Down 2.7% – Time to Sell?

First Acceptance Corporation (OTCMKTS:FACO)’s stock price dropped 2.7% during trading on Friday . The company traded as low as $3.48 and last traded at $3.60. Approximately 4,800 shares were traded during trading, an increase of 242% from the average daily volume of 1,403 shares. The stock had previously closed at $3.70.

First Acceptance Stock Down 2.7%

The company has a current ratio of 0.62, a quick ratio of 0.62 and a debt-to-equity ratio of 0.24. The firm’s 50 day simple moving average is $3.41 and its two-hundred day simple moving average is $3.41. The firm has a market cap of $131.94 million, a price-to-earnings ratio of 5.63 and a beta of -0.12.

First Acceptance (OTCMKTS:FACO) last announced its earnings results on Tuesday, August 5th. The company reported $0.21 earnings per share (EPS) for the quarter. First Acceptance had a net margin of 4.66% and a return on equity of 14.50%. The firm had revenue of $140.66 million for the quarter.

First Acceptance Company Profile

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.