First Acceptance (OTCMKTS:FACO) Trading Up 2.6% – Here’s What Happened

Shares of First Acceptance Co. (OTCMKTS:FACO) were up 2.6% during mid-day trading on Thursday . The stock traded as high as $3.13 and last traded at $3.13. Approximately 220 shares traded hands during mid-day trading, a decline of 94% from the average daily volume of 3,497 shares. The stock had previously closed at $3.05.

First Acceptance Stock Up 2.6 %

The company’s fifty day moving average is $3.12 and its 200-day moving average is $3.31. The company has a market cap of $119.28 million, a PE ratio of 1.50 and a beta of 0.19. The company has a quick ratio of 0.57, a current ratio of 0.57 and a debt-to-equity ratio of 0.25.

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.