First Pacific (OTCMKTS:FPAFY) Sees Large Volume Increase – What’s Next?

First Pacific Co. (OTCMKTS:FPAFY) saw unusually-strong trading volume on Tuesday . Approximately 200,817 shares changed hands during mid-day trading, an increase of 283% from the previous session’s volume of 52,423 shares.The stock last traded at $4.15 and had previously closed at $4.13.

First Pacific Price Performance

The company has a current ratio of 1.27, a quick ratio of 1.01 and a debt-to-equity ratio of 0.81. The business’s 50-day moving average is $3.96 and its 200-day moving average is $4.09.

First Pacific Company Profile

First Pacific Company Limited is a Hong Kong-based investment management and holding company with a focus on Asia. Since its establishment in 1981, First Pacific has built a diversified portfolio of investments in consumer food products, infrastructure, natural resources and telecommunications. The firm’s strategy centres on acquiring substantial minority interests in companies with strong regional positions and working collaboratively to drive sustainable growth and shareholder value.

In the consumer products sector, First Pacific’s principal holding is in Indofood, one of Indonesia’s largest vertically integrated food companies, known for branded noodles, flour, cooking oils and dairy products.