Pan Pacific International (OTCMKTS:DQJCY) Shares Gap Down – What’s Next?

Pan Pacific International Holdings Co. (OTCMKTS:DQJCY)’s stock price gapped down prior to trading on Wednesday. The stock had previously closed at $8.73, but opened at $8.25. Pan Pacific International shares last traded at $8.4660, with a volume of 76 shares changing hands.

Pan Pacific International Stock Down 1.3%

The company has a 50 day moving average of $10.08 and a 200 day moving average of $10.72.

Hedge Funds Weigh In On Pan Pacific International

An institutional investor recently raised its stake in Pan Pacific International stock. Madison Asset Management LLC lifted its position in Pan Pacific International Holdings Co. (OTCMKTS:DQJCY) by 14.4% in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 215,902 shares of the company’s stock after acquiring an additional 27,240 shares during the quarter. Madison Asset Management LLC’s holdings in Pan Pacific International were worth $2,191,000 as of its most recent SEC filing.

About Pan Pacific International

Pan Pacific International Holdings Corporation is a Japan-based retail group best known for operating the Don Quijote chain of discount stores. Its businesses offer a broad range of products, including groceries, household goods, consumer electronics, clothing, cosmetics, sporting goods and other general merchandise. The company also operates larger-format MEGA Don Quijote stores and maintains retail operations under the UNY and Apita brands.

The company traces its origins to the establishment of Just Co, Ltd.