Pan Pacific International (OTCMKTS:DQJCY) Hits New 1-Year Low – Time to Sell?

Pan Pacific International Holdings Co. (OTCMKTS:DQJCY) hit a new 52-week low during mid-day trading on Friday. The stock traded as low as $8.39 and last traded at $8.39, with a volume of 61168 shares changing hands. The stock had previously closed at $9.01.

Pan Pacific International Price Performance

The company has a 50-day moving average price of $10.21 and a 200 day moving average price of $10.80.

Hedge Funds Weigh In On Pan Pacific International

A hedge fund recently raised its stake in Pan Pacific International stock. Madison Asset Management LLC raised its position in shares of Pan Pacific International Holdings Co. (OTCMKTS:DQJCY) by 14.4% in the 2nd quarter, according to the company in its most recent disclosure with the SEC. The fund owned 215,902 shares of the company’s stock after buying 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 Corporation is a Japan-based retail group best known for operating the Don Quijote chain of discount stores. Its businesses offer a broad range of products, including groceries, household goods, consumer electronics, clothing, cosmetics, sporting goods and other general merchandise. The company also operates larger-format MEGA Don Quijote stores and maintains retail operations under the UNY and Apita brands.

The company traces its origins to the establishment of Just Co, Ltd.