First Pacific (OTCMKTS:FPAFY) Reaches New 52-Week High - Here's What Happened

Key Points

• First Pacific's stock reached a new 52-week high of $4.43, up 1.8% from its previous close.
• The company announced a dividend of $0.0709 per share, representing a substantial yield of 335.0%.
• First Pacific operates in various sectors including consumer food, telecommunications, and infrastructure across multiple countries.

First Pacific Co. (OTCMKTS:FPAFY - Get Free Report) shares hit a new 52-week high during trading on Wednesday . The stock traded as high as $4.43 and last traded at $4.43, with a volume of 24751 shares traded. The stock had previously closed at $4.35.

First Pacific Stock Down 1.6%

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 business's 50 day simple moving average is $4.08 and its 200 day simple moving average is $3.60.

First Pacific Cuts Dividend

The firm also recently declared a dividend, which will be paid on Tuesday, October 7th. Investors of record on Thursday, September 11th will be given a dividend of $0.0709 per share. This represents a yield of 335.0%. The ex-dividend date of this dividend is Wednesday, September 10th.

First Pacific Company Profile

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.