Pan Pacific International (OTCMKTS:DQJCY) Stock Price Breaks Above Fifty Day Moving Average – Here’s What Happened

Pan Pacific International Holdings Co. (OTCMKTS:DQJCY)’s share price crossed above its 50-day moving average during trading on Friday. The stock has a 50-day moving average of $9.30 and traded as high as $9.4970. Pan Pacific International shares last traded at $9.3240, with a volume of 142,419 shares traded.

Pan Pacific International Price Performance

The business has a 50 day simple moving average of $9.30 and a 200-day simple moving average of $10.98.

Hedge Funds Weigh In On Pan Pacific International

A hedge fund recently raised its position in Pan Pacific International stock. Madison Asset Management LLC increased its position in Pan Pacific International Holdings Co. (OTCMKTS:DQJCY) by 14.4% in the 2nd quarter, according to the company in its most recent filing with the SEC. The fund owned 215,902 shares of the company’s stock after acquiring an additional 27,240 shares during the quarter. 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 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.