First Pacific (OTCMKTS:FPAFY) Shares Down 3.5% - Here's What Happened

Key Points

• First Pacific's shares fell by 3.5%, trading at $4.18, with trading volume dropping to approximately 953 shares, significantly below its average of 32,109 shares.
• The company announced a dividend of $0.0709 per share, which is scheduled for payment on October 7th, representing an impressive yield of 335.0%.
• First Pacific operates across various sectors including consumer food products, telecommunications, and infrastructure, primarily in regions such as the Philippines and Indonesia.

First Pacific Co. (OTCMKTS:FPAFY - )'s share price was down 3.5% during mid-day trading on Monday . The stock traded as low as $4.18 and last traded at $4.18. Approximately 953 shares were traded during trading, a decline of 97% from the average daily volume of 32,109 shares. The stock had previously closed at $4.33.

First Pacific Stock Down 1.2%

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 firm has a 50-day moving average price of $4.08 and a 200-day moving average price of $3.60.

First Pacific Cuts Dividend

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

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.

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