First Pacific (OTCMKTS:FPAFY) Hits New 1-Year Low – Should You Sell?

First Pacific Co. (OTCMKTS:FPAFY)’s stock price reached a new 52-week low during trading on Wednesday . The stock traded as low as $3.32 and last traded at $3.32, with a volume of 5306 shares traded. The stock had previously closed at $3.46.

First Pacific Stock Down 4.1%

The company has a 50 day moving average of $3.60 and a 200 day moving average of $3.88.

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.