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First Pacific (OTCMKTS:FPAFY) Shares Gap Up - Here's What Happened

First Pacific logo with Multi-Sector Conglomerates background

Key Points

  • First Pacific Co. stock opened at $4.36 after a gap up from a previous close of $4.19, indicating increased investor interest.
  • The company is set to pay a dividend of $0.0709 on October 7th, resulting in a dividend yield of 335.0%.
  • First Pacific operates in several sectors including telecommunications, infrastructure, and consumer food products across various regions such as the Philippines and the Middle East.
  • MarketBeat previews top five stocks to own in October.

First Pacific Co. (OTCMKTS:FPAFY - Get Free Report)'s stock price gapped up prior to trading on Tuesday . The stock had previously closed at $4.19, but opened at $4.36. First Pacific shares last traded at $4.08, with a volume of 2,112 shares trading hands.

First Pacific Stock Performance

The company has a debt-to-equity ratio of 0.84, a current ratio of 1.35 and a quick ratio of 1.07. The business has a 50 day moving average price of $4.18 and a 200-day moving average price of $3.70.

First Pacific Cuts Dividend

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

First Pacific Company Profile

(Get Free Report)

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.

See Also

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