First Pacific (OTCMKTS:FPAFY) Sees Strong Trading Volume – Time to Buy?

First Pacific Co. (OTCMKTS:FPAFY) saw unusually-strong trading volume on Friday . Approximately 89,801 shares traded hands during trading, an increase of 47% from the previous session’s volume of 60,921 shares.The stock last traded at $4.22 and had previously closed at $4.27.

First Pacific Trading Down 0.5%

The business’s 50 day moving average is $4.01 and its two-hundred day moving average is $4.10. The company has a debt-to-equity ratio of 0.81, a current ratio of 1.27 and a quick ratio of 1.01.

About First Pacific

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.