Baillie Gifford Shin Nippon (LON:BGS) Stock Price Passes Above 50 Day Moving Average – Here’s What Happened

Shares of Baillie Gifford Shin Nippon PLC (LON:BGS) passed above its 50-day moving average during trading on Thursday . The stock has a 50-day moving average of GBX 114.76 ($1.45) and traded as high as GBX 118.40 ($1.50). Baillie Gifford Shin Nippon shares last traded at GBX 118.40 ($1.50), with a volume of 1,113,041 shares traded.

Baillie Gifford Shin Nippon Price Performance

The stock has a market cap of £327.05 million, a P/E ratio of -5.93 and a beta of 0.60. The business has a 50 day simple moving average of GBX 114.76 and a 200-day simple moving average of GBX 114.13. The company has a debt-to-equity ratio of 20.31, a quick ratio of 3.66 and a current ratio of 0.13.

Baillie Gifford Shin Nippon Company Profile

The Trust aims to achieve long-term capital growth principally through investment in small Japanese companies which are believed to have above-average prospects for capital growth. We invest in 40–80 attractively valued smaller companies that we believe offer good growth opportunities. The Trust is actively managed and will primarily consist of listed companies although up to 10% of total assets can be invested, at the time of initial investment, in unlisted investments, including private companies.