First Acceptance (OTCMKTS:FACO) Shares Down 2.4% – Should You Sell?

Shares of First Acceptance Corporation (OTCMKTS:FACO) traded down 2.4% during mid-day trading on Tuesday . The company traded as low as $4.10 and last traded at $4.10. 2,210 shares were traded during trading, a decline of 51% from the average session volume of 4,514 shares. The stock had previously closed at $4.20.

First Acceptance Stock Down 2.4%

The company has a quick ratio of 0.59, a current ratio of 0.59 and a debt-to-equity ratio of 0.21. The company has a fifty day simple moving average of $3.95 and a 200-day simple moving average of $3.59. The firm has a market cap of $150.27 million, a P/E ratio of 5.32 and a beta of 0.09.

First Acceptance (OTCMKTS:FACO) last announced its quarterly earnings data on Tuesday, November 4th. The company reported $0.27 EPS for the quarter. First Acceptance had a net margin of 5.47% and a return on equity of 16.58%. The firm had revenue of $140.68 million for the quarter.

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.