Pan Pacific International (OTCMKTS:DQJCY) Shares Gap Down – What’s Next?

Pan Pacific International Holdings Co. (OTCMKTS:DQJCY) shares gapped down prior to trading on Wednesday . The stock had previously closed at $9.33, but opened at $8.92. Pan Pacific International shares last traded at $9.14, with a volume of 106,558 shares changing hands.

Pan Pacific International Trading Down 3.0%

The firm’s fifty day moving average price is $10.62 and its two-hundred day moving average price is $11.15.

Institutional Inflows and Outflows

An institutional investor recently raised its position in Pan Pacific International stock. Madison Asset Management LLC boosted its position in Pan Pacific International Holdings Co. (OTCMKTS:DQJCY) by 14.4% during the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 215,902 shares of the company’s stock after acquiring an additional 27,240 shares during the period. Madison Asset Management LLC’s holdings in Pan Pacific International were worth $2,191,000 as of its most recent SEC filing.

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.