First Acceptance (OTCMKTS:FACO) Stock Price Down 0.2% – What’s Next?

First Acceptance Corporation (OTCMKTS:FACO) dropped 0.2% during trading on Wednesday . The stock traded as low as $4.19 and last traded at $4.19. Approximately 700 shares were traded during mid-day trading, a decline of 85% from the average daily volume of 4,811 shares. The stock had previously closed at $4.20.

First Acceptance Trading Down 0.2%

The firm has a market cap of $153.73 million, a price-to-earnings ratio of 5.44 and a beta of 0.08. The company’s 50-day moving average price is $4.12 and its 200-day moving average price is $3.75. The company has a quick ratio of 0.59, a current ratio of 0.59 and a debt-to-equity ratio of 0.21.

About First Acceptance

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.