Pan Pacific International (OTCMKTS:DQJCY) Reaches New 12-Month Low – Here’s Why

Pan Pacific International Holdings Co. (OTCMKTS:DQJCY) hit a new 52-week low during mid-day trading on Thursday . The stock traded as low as $8.67 and last traded at $8.87, with a volume of 27899 shares trading hands. The stock had previously closed at $9.02.

Pan Pacific International Price Performance

The stock’s fifty day simple moving average is $10.42 and its 200 day simple moving average is $10.98.

Hedge Funds Weigh In On Pan Pacific International

An institutional investor recently raised its stake in Pan Pacific International stock. Madison Asset Management LLC boosted its stake in shares of Pan Pacific International Holdings Co. (OTCMKTS:DQJCY) by 14.4% during the second quarter, according to its most recent Form 13F filing with the 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.

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.