First Pacific (OTCMKTS:FPAFY) Trading Down 6.1% - Here's What Happened

Key Points

• First Pacific Co. saw its shares decline by 6.1% during mid-day trading, with a trading price as low as $3.89 and a last price of $3.90.
• The company announced a dividend increase, with a payment of $0.0731 per share, reflecting a 375.0% dividend yield compared to the previous dividend of $0.07.
• First Pacific operates across various sectors like telecommunications, infrastructure, and consumer food products in multiple regions including the Philippines, Indonesia, and Singapore.

First Pacific Co. (OTCMKTS:FPAFY - Get Free Report)'s stock price dropped 6.1% during mid-day trading on Monday . The company traded as low as $3.89 and last traded at $3.90. Approximately 4,120 shares traded hands during trading, a decline of 87% from the average daily volume of 32,697 shares. The stock had previously closed at $4.16.

First Pacific Price Performance

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's 50 day moving average price is $3.78 and its two-hundred day moving average price is $3.33.

First Pacific Increases Dividend

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

First Pacific Company Profile

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.