Pan Pacific International (OTCMKTS:DQJCY) Reaches New 52-Week Low – Should You Sell?

Pan Pacific International Holdings Co. (OTCMKTS:DQJCY)’s share price hit a new 52-week low during mid-day trading on Thursday . The stock traded as low as $9.11 and last traded at $9.21, with a volume of 467006 shares traded. The stock had previously closed at $9.70.

Pan Pacific International Stock Down 6.1%

The business’s fifty day moving average price is $10.70 and its 200 day moving average price is $11.26.

Institutional Trading of Pan Pacific International

A hedge fund recently raised its position 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% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 215,902 shares of the company’s stock after acquiring an additional 27,240 shares during the quarter. Madison Asset Management LLC’s holdings in Pan Pacific International were worth $2,191,000 as of its most recent filing with the Securities and Exchange Commission.

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.