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 Thursday . The stock had previously closed at $9.60, but opened at $9.31. Pan Pacific International shares last traded at $9.7115, with a volume of 95,354 shares traded.

Pan Pacific International Trading Up 0.8%

The firm has a fifty day moving average price of $10.73 and a 200 day moving average price of $11.36.

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 stake in shares of Pan Pacific International Holdings Co. (OTCMKTS:DQJCY) by 14.4% in the 2nd quarter, according to its most recent 13F 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 quarter. Madison Asset Management LLC’s holdings in Pan Pacific International were worth $2,191,000 at the end of the most recent quarter.

About Pan Pacific International

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.