Pan Pacific International (OTCMKTS:DQJCY) Shares Gap Down – Time to Sell?

Pan Pacific International Holdings Co. (OTCMKTS:DQJCY) gapped down before the market opened on Wednesday. The stock had previously closed at $9.38, but opened at $9.03. Pan Pacific International shares last traded at $9.4335, with a volume of 114,664 shares traded.

Pan Pacific International Price Performance

The firm has a 50 day simple moving average of $9.57 and a 200-day simple moving average of $10.48.

Institutional Inflows and Outflows

An institutional investor recently raised its stake in Pan Pacific International stock. Madison Asset Management LLC boosted its holdings in Pan Pacific International Holdings Co. (OTCMKTS:DQJCY) by 14.4% during the second quarter, according to the company in its most recent 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 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 and Exchange Commission.

About Pan Pacific International

Pan Pacific International Holdings Corporation is a Japan-based retail 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 a high-volume, value-oriented retail format.

The company also operates UNY general merchandise stores and specialty retail formats, including the DON DON DONKI brand focused on Japanese products and food.