Pan Pacific International (OTCMKTS:DQJCY) Shares Gap Down – What’s Next?

Pan Pacific International Holdings Co. (OTCMKTS:DQJCY)’s share price gapped down before the market opened on Wednesday . The stock had previously closed at $9.33, but opened at $8.92. Pan Pacific International shares last traded at $9.14, with a volume of 106,558 shares trading hands.

Pan Pacific International Stock Performance

The firm has a 50 day moving average of $10.62 and a 200 day moving average of $11.15.

Institutional Trading of Pan Pacific International

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

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.