First Pacific (OTCMKTS:FPAFY) Sees Large Volume Increase – Still a Buy?

Shares of First Pacific Co. (OTCMKTS:FPAFY) saw an uptick in trading volume on Monday . 214,094 shares traded hands during trading, an increase of 260% from the previous session’s volume of 59,498 shares.The stock last traded at $3.4210 and had previously closed at $3.39.

First Pacific Stock Performance

The stock has a fifty day moving average of $3.31 and a two-hundred day moving average of $3.66. The company has a current ratio of 1.44, a quick ratio of 1.18 and a debt-to-equity ratio of 0.80.

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.