Pan Pacific International (OTCMKTS:DQJCY) Shares Gap Down – Here’s What Happened

Pan Pacific International Holdings Co. (OTCMKTS:DQJCY)’s stock price gapped down before the market opened 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 trading hands.

Pan Pacific International Price Performance

The firm has a 50-day simple moving average of $10.08 and a 200 day simple moving average of $10.72.

Institutional Trading of Pan Pacific International

A hedge fund recently raised its stake in Pan Pacific International stock. Madison Asset Management LLC lifted its position in shares of Pan Pacific International Holdings Co. (OTCMKTS:DQJCY) by 14.4% during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor 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.