Pan Pacific International (OTCMKTS:DQJCY) Shares Gap Up – Time to Buy?

Shares of Pan Pacific International Holdings Co. (OTCMKTS:DQJCY) gapped up before the market opened on Wednesday. The stock had previously closed at $9.02, but opened at $9.47. Pan Pacific International shares last traded at $9.14, with a volume of 985 shares traded.

Pan Pacific International Stock Down 1.0%

The stock has a 50 day simple moving average of $10.28 and a two-hundred day simple moving average of $10.86.

Institutional Investors Weigh In On Pan Pacific International

A hedge fund recently raised its position in Pan Pacific International stock. Madison Asset Management LLC increased its holdings in shares of Pan Pacific International Holdings Co. (OTCMKTS:DQJCY) by 14.4% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund 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.