Pan Pacific International (OTCMKTS:DQJCY) Sees Strong Trading Volume – Time to Buy?

Shares of Pan Pacific International Holdings Co. (OTCMKTS:DQJCY) saw unusually-high trading volume on Wednesday . Approximately 286,474 shares were traded during mid-day trading, a decline of 5% from the previous session’s volume of 301,405 shares.The stock last traded at $11.47 and had previously closed at $11.92.

Pan Pacific International Stock Performance

The stock has a 50 day moving average price of $10.68 and a two-hundred day moving average price of $11.54.

Institutional Investors Weigh In On Pan Pacific International

A hedge fund recently raised its position in Pan Pacific International stock. Madison Asset Management LLC grew its stake in Pan Pacific International Holdings Co. (OTCMKTS:DQJCY) by 14.4% in the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm 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, 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.