First Acceptance (OTCMKTS:FACO) Shares Down 3.1%

First Acceptance Co. (OTCMKTS:FACO) shares were down 3.1% on Wednesday . The company traded as low as $3.07 and last traded at $3.09. Approximately 7,765 shares traded hands during trading, a decline of 28% from the average daily volume of 10,854 shares. The stock had previously closed at $3.19.

First Acceptance Price Performance

The company has a debt-to-equity ratio of 0.27, a current ratio of 0.59 and a quick ratio of 0.59. The stock has a market cap of $121.97 million, a P/E ratio of 1.55 and a beta of 0.21. The company’s 50 day simple moving average is $3.67 and its 200 day simple moving average is $3.41.

First Acceptance (OTCMKTS:FACO) last issued its earnings results on Tuesday, August 13th. The company reported $0.15 EPS for the quarter. First Acceptance had a net margin of 12.61% and a return on equity of 63.60%. The firm had revenue of $157.68 million during the quarter.

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.