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 Tuesday. The stock had previously closed at $9.21, but opened at $8.76. Pan Pacific International shares last traded at $9.02, with a volume of 2,766 shares changing hands.

Pan Pacific International Price Performance

The stock has a fifty day moving average price of $10.31 and a 200-day moving average price of $10.88.

Hedge Funds Weigh In On Pan Pacific International

A hedge fund recently raised its stake 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 second quarter, according to its most recent Form 13F filing with the 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 reporting period.

Pan Pacific International Company Profile

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.