First Pacific (OTCMKTS:FPAFY) Sets New 52-Week High - Time to Buy?

Key Points

• First Pacific Co. (OTCMKTS:FPAFY) reached a new 52-week high of $4.30 during trading, closing at $4.29 with a relatively low trading volume of 5,419 shares.
• The company announced a new dividend yield of 375.0%, which is an increase from the previous dividend of $0.07, with a payment date on July 10th for shareholders of record as of June 24th.
• First Pacific operates across several sectors including consumer food products, telecommunications, and natural resources, primarily in regions like the Philippines and Indonesia.

Shares of First Pacific Co. (OTCMKTS:FPAFY - Get Free Report) reached a new 52-week high during trading on Friday . The company traded as high as $4.30 and last traded at $4.29, with a volume of 5419 shares changing hands. The stock had previously closed at $4.24.

First Pacific Stock Up 0.9%

The company has a debt-to-equity ratio of 0.84, a quick ratio of 1.07 and a current ratio of 1.35. The business's 50 day simple moving average is $3.95 and its 200 day simple moving average is $3.50.

First Pacific Increases Dividend

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

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.