First Acceptance (OTCMKTS:FACO) Trading Down 2.7% – Should You Sell?

Shares of First Acceptance Corporation (OTCMKTS:FACO) traded down 2.7% on Friday . The stock traded as low as $3.48 and last traded at $3.60. 4,800 shares changed hands during trading, an increase of 242% from the average session volume of 1,403 shares. The stock had previously closed at $3.70.

First Acceptance Trading Down 2.7%

The company has a current ratio of 0.62, a quick ratio of 0.62 and a debt-to-equity ratio of 0.24. The firm has a market capitalization of $131.94 million, a P/E ratio of 5.63 and a beta of -0.12. The firm has a 50-day moving average of $3.41 and a two-hundred day moving average of $3.41.

First Acceptance (OTCMKTS:FACO) last announced its quarterly earnings results on Tuesday, August 5th. The company reported $0.21 earnings per share (EPS) for the quarter. The company had revenue of $140.66 million for the quarter. First Acceptance had a net margin of 4.66% and a return on equity of 14.50%.

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.