Pan Pacific International (OTCMKTS:DQJCY) Shares Gap Down – Should You Sell?

Pan Pacific International Holdings Co. (OTCMKTS:DQJCY)’s share price gapped down prior to trading on Thursday . The stock had previously closed at $9.60, but opened at $9.31. Pan Pacific International shares last traded at $9.7115, with a volume of 95,354 shares trading hands.

Pan Pacific International Price Performance

The firm’s 50-day simple moving average is $10.71 and its 200 day simple moving average is $11.33.

Institutional Trading of Pan Pacific International

An institutional investor recently raised its position in Pan Pacific International stock. Madison Asset Management LLC raised its holdings in shares of Pan Pacific International Holdings Co. (OTCMKTS:DQJCY) by 14.4% in the second quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 215,902 shares of the company’s stock after buying 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 SEC filing.

About Pan Pacific International

Pan Pacific International Holdings Corporation, together with its subsidiaries, operates retail stores. The company operates discount stores under the Don Quijote, MEGA Don Quijote, and MEGA Don Quijote UNY, and Nagasakiya names; and general merchandise stores under the Apita and Piago names. It is also involved in leasing space management; tenant leasing; real estate development; general wholesale; provision of logistic services and internet services; and development and procurement of products and control of production.