Pan Pacific International (OTCMKTS:DQJCY) Shares Climb 4.1% – Should You Buy?

Shares of Pan Pacific International Holdings Co. (OTCMKTS:DQJCY) were up 4.1% during mid-day trading on Wednesday. The company traded as high as $9.06 and last traded at $8.9150. Approximately 1,515 shares changed hands during mid-day trading, a decline of 100% from the average daily volume of 358,536 shares. The stock had previously closed at $8.56.

Pan Pacific International Price Performance

The stock’s 50-day simple moving average is $9.80 and its 200 day simple moving average is $10.59.

Institutional Inflows and Outflows

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

Pan Pacific International Company Profile

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.