Pan Pacific International (OTCMKTS:DQJCY) Shares Gap Up – Here’s Why

Pan Pacific International Holdings Co. (OTCMKTS:DQJCY) shares gapped up prior to trading on Friday. The stock had previously closed at $9.42, but opened at $10.00. Pan Pacific International shares last traded at $10.2295, with a volume of 277 shares.

Pan Pacific International Price Performance

The business’s 50-day moving average is $9.23 and its 200 day moving average is $10.88.

Pan Pacific International (OTCMKTS:DQJCY) last issued its earnings results on Thursday, November 12th. The company reported $0.11 earnings per share (EPS) for the quarter. As a group, analysts forecast that Pan Pacific International Holdings Co. will post 0.48 earnings per share for the current year.

Institutional Inflows and Outflows

A hedge fund recently raised its position 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% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 215,902 shares of the company’s stock after buying 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.

About Pan Pacific International

Pan Pacific International Holdings operates discount stores and other retail businesses, primarily in Japan. Its best-known chain is Don Quijote, which sells a broad range of products, including groceries, household goods, clothing, cosmetics, electronics and other daily necessities. The company also operates formats such as MEGA Don Quijote and supermarkets under the UNY name. Founded in Japan in 1980, the company has expanded beyond its domestic market through stores in other parts of Asia and in the United States.