Pan Pacific International (OTCMKTS:DQJCY) Hits New 12-Month Low – What’s Next?

Shares of Pan Pacific International Holdings Co. (OTCMKTS:DQJCY) reached a new 52-week low during trading on Friday. The company traded as low as $8.39 and last traded at $8.39, with a volume of 61168 shares traded. The stock had previously closed at $9.01.

Pan Pacific International Trading Down 0.9%

The company’s 50 day moving average price is $10.21 and its 200 day moving average price is $10.80.

Institutional Trading of Pan Pacific International

A hedge fund recently raised its stake in Pan Pacific International stock. Madison Asset Management LLC raised its position in shares of Pan Pacific International Holdings Co. (OTCMKTS:DQJCY) by 14.4% during the 2nd quarter, according to the company in its most recent 13F filing with the SEC. 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 reporting period.

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.