First Pacific (OTCMKTS:FPAFY) Shares Gap Up – Here’s What Happened

First Pacific Co. (OTCMKTS:FPAFY)’s stock price gapped up before the market opened on Thursday . The stock had previously closed at $4.03, but opened at $4.21. First Pacific shares last traded at $4.06, with a volume of 24,631 shares traded.

First Pacific Stock Up 1.7%

The firm has a 50 day moving average price of $3.95 and a two-hundred day moving average price of $4.09. The company has a debt-to-equity ratio of 0.81, a current ratio of 1.27 and a quick ratio of 1.01.

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.