First Pacific (OTCMKTS:FPAFY) Sees Large Volume Increase – Still a Buy?

Shares of First Pacific Co. (OTCMKTS:FPAFYGet Free Report) saw unusually-high trading volume on Friday . Approximately 122,323 shares traded hands during mid-day trading, an increase of 225% from the previous session’s volume of 37,594 shares.The stock last traded at $3.9810 and had previously closed at $4.00.

First Pacific Stock Performance

The company has a current ratio of 1.27, a quick ratio of 1.01 and a debt-to-equity ratio of 0.81. The firm has a fifty day moving average of $3.98 and a 200-day moving average of $4.07.

About First Pacific

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First Pacific Company Limited is a Hong Kong-based investment management and holding company with a focus on Asia. Since its establishment in 1981, First Pacific has built a diversified portfolio of investments in consumer food products, infrastructure, natural resources and telecommunications. The firm’s strategy centres on acquiring substantial minority interests in companies with strong regional positions and working collaboratively to drive sustainable growth and shareholder value.

In the consumer products sector, First Pacific’s principal holding is in Indofood, one of Indonesia’s largest vertically integrated food companies, known for branded noodles, flour, cooking oils and dairy products.

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