Pan Pacific International (OTCMKTS:DQJCY) Trading Down 13.4% – Should You Sell?

Pan Pacific International Holdings Co. (OTCMKTS:DQJCY)’s stock price traded down 13.4% on Wednesday . The company traded as low as $9.93 and last traded at $10.3250. 206 shares changed hands during trading, a decline of 100% from the average session volume of 299,911 shares. The stock had previously closed at $11.92.

Pan Pacific International Price Performance

The firm has a 50-day moving average of $10.81 and a two-hundred day moving average of $11.53.

Hedge Funds Weigh In On Pan Pacific International

An institutional investor recently raised its position in Pan Pacific International stock. Madison Asset Management LLC raised its position in Pan Pacific International Holdings Co. (OTCMKTS:DQJCY) by 14.4% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund 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 at the end of the most recent quarter.

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.