First Pacific (OTCMKTS:FPAFY) Stock Price Down 4.1% – Should You Sell?

First Pacific Co. (OTCMKTS:FPAFY) was down 4.1% during trading on Wednesday . The company traded as low as $3.8225 and last traded at $3.8475. Approximately 6,887 shares traded hands during trading, a decline of 80% from the average daily volume of 33,980 shares. The stock had previously closed at $4.01.

First Pacific Stock Performance

The company’s 50-day moving average is $4.07 and its 200-day moving average is $4.04. 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.