Pan Pacific International (OTCMKTS:DQJCY) Shares Gap Down - Here's Why

Key Points

• Shares gapped down pre-market: The stock closed at $12.29 and opened at $11.33, last trading around $11.57 on light volume (460 shares).
• Zacks upgraded to "Hold": One analyst has rated the stock a Hold and MarketBeat shows a consensus rating of Hold.
• Valuation and technicals: The 50-day MA is $12.59 and the 200-day MA is $13.45, with a market capitalization of $19.03 billion and a reported P/E of 0.01.

Pan Pacific International Holdings Co. (OTCMKTS:DQJCY - Get Free Report) shares gapped down prior to trading on Friday . The stock had previously closed at $12.29, but opened at $11.33. Pan Pacific International shares last traded at $11.5690, with a volume of 460 shares traded.

Wall Street Analyst Weigh In

Separately, Zacks Research upgraded Pan Pacific International to a "hold" rating in a report on Wednesday. One analyst has rated the stock with a Hold rating, According to data from MarketBeat, the company currently has a consensus rating of "Hold".

Pan Pacific International Trading Down 0.3%

The company has a fifty day moving average of $12.59 and a two-hundred day moving average of $13.45. The stock has a market capitalization of $19.03 billion and a price-to-earnings ratio of 0.01.

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.

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