Pan Pacific International (OTCMKTS:DQJCY) Shares Gap Down – Here’s What Happened

Pan Pacific International Holdings Co. (OTCMKTS:DQJCY) shares gapped down before the market opened on Wednesday . The stock had previously closed at $10.81, but opened at $10.1701. Pan Pacific International shares last traded at $10.60, with a volume of 119,773 shares traded.

Wall Street Analysts Forecast Growth

Separately, Zacks Research upgraded Pan Pacific International to a “hold” rating in a research note on Wednesday, April 8th. One investment analyst has rated the stock with a Hold rating, According to MarketBeat.com, the company presently has a consensus rating of “Hold”.

Pan Pacific International Trading Down 1.2%

The company has a market capitalization of $16.97 billion and a price-to-earnings ratio of 0.01. The firm has a 50-day moving average price of $10.57 and a 200-day moving average price of $11.63.

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.