Pan Pacific International (OTCMKTS:DQJCY) Shares Gap Down – Time to Sell?

Pan Pacific International Holdings Co. (OTCMKTS:DQJCY) gapped down before the market opened on Wednesday. The stock had previously closed at $9.38, but opened at $9.03. Pan Pacific International shares last traded at $9.4335, with a volume of 114,664 shares traded.

Pan Pacific International Stock Performance

The stock’s 50-day simple moving average is $9.48 and its two-hundred day simple moving average is $10.45.

Hedge Funds Weigh In On Pan Pacific International

A hedge fund recently raised its position in Pan Pacific International stock. Madison Asset Management LLC boosted 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 disclosure with the Securities and Exchange Commission (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 filing with the Securities and Exchange Commission (SEC).

About Pan Pacific International

Pan Pacific International Holdings Corporation is a Japan-based retail 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 a high-volume, value-oriented retail format.

The company also operates UNY general merchandise stores and specialty retail formats, including the DON DON DONKI brand focused on Japanese products and food.