Pan Pacific International (OTCMKTS:DQJCY) Sees Strong Trading Volume – Should You Buy?

Pan Pacific International Holdings Co. (OTCMKTS:DQJCY) shares saw unusually-high trading volume on Thursday . Approximately 563,444 shares traded hands 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 Price Performance

The firm has a 50-day moving average price of $10.59 and a 200 day moving average price of $11.12.

Institutional Trading of Pan Pacific International

An institutional investor recently raised its position in Pan Pacific International stock. Madison Asset Management LLC grew its holdings in Pan Pacific International Holdings Co. (OTCMKTS:DQJCY) by 14.4% during the 2nd quarter, according to the company in its most recent filing with the SEC. The fund 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.

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.