First Acceptance (OTCMKTS:FACO) Stock Price Up 4.4% – Time to Buy?

First Acceptance Co. (OTCMKTS:FACO) shares traded up 4.4% on Wednesday . The company traded as high as $3.12 and last traded at $3.11. 4,365 shares changed hands during trading, an increase of 75% from the average session volume of 2,496 shares. The stock had previously closed at $2.98.

First Acceptance Trading Up 1.0 %

The company has a fifty day moving average price of $3.21 and a 200-day moving average price of $3.45. The firm has a market capitalization of $119.79 million, a price-to-earnings ratio of 1.50 and a beta of 0.21. The company has a current ratio of 0.57, a quick ratio of 0.57 and a debt-to-equity ratio of 0.25.

First Acceptance (OTCMKTS:FACO) last posted its earnings results on Wednesday, November 6th. The company reported $0.14 EPS for the quarter. The company had revenue of $129.26 million during the quarter. First Acceptance had a net margin of 12.41% and a return on equity of 53.03%.

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.