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

Pan Pacific International Holdings Co. (OTCMKTS:DQJCY)’s share price gapped down prior to trading on Monday. The stock had previously closed at $10.10, but opened at $9.4501. Pan Pacific International shares last traded at $9.75, with a volume of 382 shares trading hands.

Pan Pacific International Trading Down 1.7%

The company has a 50 day moving average of $9.23 and a two-hundred day moving average of $10.91.

Hedge Funds Weigh In On Pan Pacific International

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

About Pan Pacific International

Pan Pacific International Holdings operates discount stores and other retail businesses, primarily in Japan. Its best-known chain is Don Quijote, which sells a broad range of products, including groceries, household goods, clothing, cosmetics, electronics and other daily necessities. The company also operates formats such as MEGA Don Quijote and supermarkets under the UNY name. Founded in Japan in 1980, the company has expanded beyond its domestic market through stores in other parts of Asia and in the United States.