Pan Pacific International (OTCMKTS:DQJCY) Sees Large Volume Increase – Still a Buy?

Pan Pacific International Holdings Co. (OTCMKTS:DQJCY) shares saw unusually-strong trading volume on Thursday . Approximately 563,444 shares were traded during mid-day trading, an increase of 62% from the previous session’s volume of 347,473 shares.The stock last traded at $9.21 and had previously closed at $9.33.

Pan Pacific International Trading Up 1.5%

The firm’s fifty day simple moving average is $10.59 and its 200-day simple moving average is $11.12.

Institutional Inflows and Outflows

An institutional investor recently raised its position in Pan Pacific International stock. Madison Asset Management LLC boosted its holdings in Pan Pacific International Holdings Co. (OTCMKTS:DQJCY) by 14.4% in the second quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 215,902 shares of the company’s stock after purchasing an additional 27,240 shares during the quarter. Madison Asset Management LLC’s holdings in Pan Pacific International were worth $2,191,000 at the end of the most recent quarter.

About Pan Pacific International

Pan Pacific International Holdings Corp. is a Japan-based retail holding company best known for operating the Don Quijote chain of discount stores. Its stores offer a broad assortment of groceries, household goods, consumer electronics, apparel, cosmetics, toys and other general merchandise, often through stores designed for extended operating hours and high-volume shopping.

The company also operates other retail formats, including MEGA Don Quijote stores and supermarkets and general merchandise stores under the UNY and Apita brands.