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

Pan Pacific International Holdings Co. (OTCMKTS:DQJCY) gapped up prior to trading on Thursday. The stock had previously closed at $8.92, but opened at $9.63. Pan Pacific International shares last traded at $9.24, with a volume of 1,235 shares trading hands.

Pan Pacific International Stock Performance

The stock’s 50 day simple moving average is $9.75 and its 200 day simple moving average is $10.57.

Institutional Inflows and Outflows

An institutional investor recently raised its stake in Pan Pacific International stock. Madison Asset Management LLC lifted 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 disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 215,902 shares of the company’s stock after acquiring an additional 27,240 shares during the period. 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.