First Pacific (OTCMKTS:FPAFY) Shares Gap Down - Time to Sell?

Key Points

• First Pacific Co. shares gapped down from $4.04 to $3.94 before opening, and last traded at $3.98 with a trading volume of 582 shares.
• The company recently declared a dividend of $0.0709, yielding 335.0%, with significant dates including the ex-dividend date on September 10th and payment on October 7th.
• First Pacific operates in sectors including consumer food products, telecommunications, infrastructure, and natural resources across multiple regions including the Philippines and Indonesia.

First Pacific Co. (OTCMKTS:FPAFY - ) shares gapped down before the market opened on Monday . The stock had previously closed at $4.04, but opened at $3.94. First Pacific shares last traded at $3.98, with a volume of 582 shares traded.

First Pacific Stock Performance

The stock has a 50 day moving average of $4.20 and a 200 day moving average of $3.79.

First Pacific Cuts Dividend

The firm also recently declared a dividend, which was paid on Tuesday, October 7th. Stockholders of record on Thursday, September 11th were paid a $0.0709 dividend. The ex-dividend date of this dividend was Wednesday, September 10th. This represents a dividend 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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