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

First Acceptance Co. (OTCMKTS:FACO)’s stock price rose 2.6% during mid-day trading on Thursday . The company traded as high as $3.13 and last traded at $3.13. Approximately 220 shares traded hands during 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 stock has a market cap of $119.28 million, a PE ratio of 1.50 and a beta of 0.19. The company has a current ratio of 0.57, a quick ratio of 0.57 and a debt-to-equity ratio of 0.25. The business has a 50-day moving average price of $3.12 and a 200-day moving average price of $3.31.

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.