First Pacific (OTCMKTS:FPAFY) Sets New 1-Year Low – Here’s Why

First Pacific Co. (OTCMKTS:FPAFYGet Free Report)’s share price hit a new 52-week low during trading on Wednesday . The company traded as low as $3.32 and last traded at $3.32, with a volume of 5306 shares. The stock had previously closed at $3.46.

First Pacific Price Performance

The stock’s fifty day simple moving average is $3.59 and its 200 day simple moving average is $3.87.

First Pacific Company Profile

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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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