First Acceptance (OTCMKTS:FACO) Issues Quarterly Earnings Results

First Acceptance (OTCMKTS:FACO) issued its quarterly earnings data on Tuesday. The company reported $0.24 EPS for the quarter, Zacks reports. The firm had revenue of $99.91 million for the quarter. First Acceptance had a return on equity of 16.58% and a net margin of 5.47%.

First Acceptance Stock Performance

OTCMKTS FACO opened at $4.14 on Wednesday. The business’s fifty day moving average is $4.14 and its 200 day moving average is $3.77. The company has a market cap of $151.87 million, a price-to-earnings ratio of 5.38 and a beta of 0.07. First Acceptance has a twelve month low of $3.00 and a twelve month high of $4.49. The company has a quick ratio of 0.59, a current ratio of 0.59 and a debt-to-equity ratio 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.