First Pacific (OTCMKTS:FPAFY) Hits New 12-Month High - Should You Buy?

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.

Shares of First Pacific Co. (OTCMKTS:FPAFY - Get Free Report) 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 changing hands. The stock had previously closed at $4.35.

First Pacific Trading Down 3.3%

The company has a fifty day moving average of $4.08 and a 200 day moving average of $3.60. The company has a quick ratio of 1.07, a current ratio of 1.35 and a debt-to-equity ratio of 0.84.

First Pacific Cuts Dividend

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