Pan Pacific International (OTCMKTS:DQJCY) Shares Gap Up – Should You Buy?

Pan Pacific International Holdings Co. (OTCMKTS:DQJCY)’s share price gapped up before the market opened on Friday. The stock had previously closed at $9.42, but opened at $10.00. Pan Pacific International shares last traded at $10.2295, with a volume of 277 shares changing hands.

Pan Pacific International Price Performance

The business has a fifty day simple moving average of $9.23 and a two-hundred day simple moving average of $10.89.

Pan Pacific International (OTCMKTS:DQJCY) last announced its earnings results on Thursday, November 12th. The company reported $0.11 earnings per share (EPS) for the quarter. On average, equities research analysts forecast that Pan Pacific International Holdings Co. will post 0.48 EPS for the current year.

Hedge Funds Weigh In On Pan Pacific International

An institutional investor recently raised its stake in Pan Pacific International stock. Madison Asset Management LLC increased 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 disclosure with the Securities and Exchange Commission. The fund 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.

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.