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

Shares of Pan Pacific International Holdings Co. (OTCMKTS:DQJCY) gapped down prior to trading on Tuesday . The stock had previously closed at $11.92, but opened at $10.9150. Pan Pacific International shares last traded at $10.9050, with a volume of 2,302 shares.

Pan Pacific International Trading Down 8.6%

The stock’s 50-day moving average is $10.79 and its two-hundred day moving average is $11.54.

Institutional Inflows and Outflows

A hedge fund recently raised its stake in Pan Pacific International stock. Madison Asset Management LLC raised its position in shares of Pan Pacific International Holdings Co. (OTCMKTS:DQJCY) by 14.4% in the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 215,902 shares of the company’s stock after buying 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 filing with the Securities & Exchange Commission.

Pan Pacific International Company Profile

Pan Pacific International Holdings Corporation, together with its subsidiaries, operates retail stores. The company operates discount stores under the Don Quijote, MEGA Don Quijote, and MEGA Don Quijote UNY, and Nagasakiya names; and general merchandise stores under the Apita and Piago names. It is also involved in leasing space management; tenant leasing; real estate development; general wholesale; provision of logistic services and internet services; and development and procurement of products and control of production.