Pan Pacific International (OTCMKTS:DQJCY) Shares Gap Down – Here’s Why

Pan Pacific International Holdings Co. (OTCMKTS:DQJCY) shares gapped down before the market opened on Tuesday . The stock had previously closed at $11.92, but opened at $10.9150. Pan Pacific International shares last traded at $10.9050, with a volume of 2,302 shares traded.

Pan Pacific International Stock Down 8.6%

The business’s fifty day moving average is $10.79 and its two-hundred day moving average is $11.54.

Hedge Funds Weigh In On Pan Pacific International

An institutional investor recently raised its position in Pan Pacific International stock. Madison Asset Management LLC grew its holdings in Pan Pacific International Holdings Co. (OTCMKTS:DQJCY) by 14.4% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. 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 filing with the Securities & Exchange Commission.

About Pan Pacific International

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.