First Pacific (OTCMKTS:FPAFY) Reaches New 1-Year High - Still a Buy?

Key Points

• First Pacific Co. shares reached a new 52-week high of $4.19 during mid-day trading, reflecting increased investor interest.
• The company announced an increased dividend of $0.0731 per share, resulting in a remarkable yield of 375.0% for shareholders.
• First Pacific operates across several sectors including consumer food, telecommunications, infrastructure, and natural resources across various international markets.

Shares of First Pacific Co. (OTCMKTS:FPAFY - ) hit a new 52-week high during mid-day trading on Thursday . The company traded as high as $4.19 and last traded at $4.19, with a volume of 230 shares. The stock had previously closed at $4.10.

First Pacific Price Performance

The company has a debt-to-equity ratio of 0.84, a current ratio of 1.35 and a quick ratio of 1.07. The firm's 50-day moving average price is $3.77 and its two-hundred day moving average price is $3.32.

First Pacific Increases Dividend

The business also recently announced a dividend, which was paid on Thursday, July 10th. Shareholders of record on Tuesday, June 24th were given a dividend of $0.0731 per share. The ex-dividend date of this dividend was Monday, June 23rd. This represents a yield of 375.0%. This is a boost from First Pacific's previous dividend of $0.07.

About First Pacific

First Pacific Company Limited, an investment holding company, engages in the consumer food products, telecommunications, infrastructure, and natural resources businesses in the Philippines, Indonesia, Singapore, the Middle East, Africa, and internationally. The company offers a range of telecommunications and digital services, including fiber optic backbone, and fixed line and cellular networks.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.