Pan Pacific International (OTCMKTS:DQJCY) Sets New 1-Year Low – Should You Sell?

Pan Pacific International Holdings Co. (OTCMKTS:DQJCY) reached a new 52-week low during mid-day trading on Thursday. The stock traded as low as $8.25 and last traded at $8.58, with a volume of 265,649 shares changing hands. The stock had previously closed at $8.67.

Pan Pacific International Trading Down 0.7%

The company’s fifty day moving average is $9.90 and its 200-day moving average is $10.65.

Institutional Inflows and Outflows

An institutional investor recently raised its position in Pan Pacific International stock. Madison Asset Management LLC increased its stake in shares of Pan Pacific International Holdings Co. (OTCMKTS:DQJCY) by 14.4% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 215,902 shares of the company’s stock after purchasing 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 quarter.

Pan Pacific International Company Profile

Pan Pacific International Holdings Corporation is a Japan-based retail group best known for operating the Don Quijote chain of discount stores. Its businesses offer a broad range of products, including groceries, household goods, consumer electronics, clothing, cosmetics, sporting goods and other general merchandise. The company also operates larger-format MEGA Don Quijote stores and maintains retail operations under the UNY and Apita brands.

The company traces its origins to the establishment of Just Co, Ltd.