First Pacific (OTCMKTS:FPAFY) Shares Gap Down - What's Next?

Key Points

• First Pacific Co. experienced a gap down in share price, with the stock opening at $4.04 after closing at $4.17.
• The company announced a dividend cut, with a new dividend of $0.0709 per share scheduled for payment on October 7th, representing a yield of 335.0%.
• First Pacific has a debt-to-equity ratio of 0.84 and a current ratio of 1.35, indicating its financial stability.

First Pacific Co. (OTCMKTS:FPAFY - )'s share price gapped down prior to trading on Wednesday . The stock had previously closed at $4.17, but opened at $4.04. First Pacific shares last traded at $4.04, with a volume of 240 shares.

First Pacific Stock Up 0.2%

The stock's 50 day moving average price is $4.18 and its two-hundred day moving average price is $3.70. The company has a debt-to-equity ratio of 0.84, a current ratio of 1.35 and a quick ratio of 1.07.

First Pacific Cuts Dividend

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

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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