Pan Pacific International (OTCMKTS:DQJCY) Reaches New 12-Month Low – Time to Sell?

Shares of Pan Pacific International Holdings Co. (OTCMKTS:DQJCY) hit a new 52-week low during mid-day trading on Tuesday . The stock traded as low as $9.18 and last traded at $9.29, with a volume of 93003 shares trading hands. The stock had previously closed at $10.06.

Pan Pacific International Price Performance

The stock’s 50-day moving average is $10.75 and its 200 day moving average is $11.40.

Institutional Investors Weigh In On Pan Pacific International

A hedge fund recently raised its position in Pan Pacific International stock. Madison Asset Management LLC increased its holdings in shares of Pan Pacific International Holdings Co. (OTCMKTS:DQJCY) by 14.4% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor 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 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.