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

Shares of First Pacific Co. (OTCMKTS:FPAFY) saw unusually-high trading volume on Friday . Approximately 122,323 shares changed hands during mid-day trading, an increase of 225% from the previous session’s volume of 37,594 shares.The stock last traded at $3.9810 and had previously closed at $4.00.

First Pacific Price Performance

The company has a debt-to-equity ratio of 0.81, a quick ratio of 1.01 and a current ratio of 1.27. The firm’s 50 day moving average price is $3.98 and its two-hundred day moving average price is $4.07.

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.