The Baillie Gifford Japan Trust (LON:BGFD) Sets New 12-Month High – Here’s Why

The Baillie Gifford Japan Trust PLC (LON:BGFD)’s stock price reached a new 52-week high during mid-day trading on Monday . The company traded as high as GBX 777 ($9.68) and last traded at GBX 777 ($9.68), with a volume of 29747 shares trading hands. The stock had previously closed at GBX 776 ($9.66).

The Baillie Gifford Japan Trust Price Performance

The company’s 50 day simple moving average is GBX 727.93 and its 200-day simple moving average is GBX 725.41. The company has a current ratio of 0.18, a quick ratio of 0.14 and a debt-to-equity ratio of 18.86. The company has a market capitalization of £671.42 million, a price-to-earnings ratio of 3,661.51 and a beta of 0.73.

Insider Transactions at The Baillie Gifford Japan Trust

In related news, insider Patricia Lewis purchased 219 shares of the company’s stock in a transaction that occurred on Friday, January 3rd. The stock was purchased at an average price of GBX 712 ($8.87) per share, with a total value of £1,559.28 ($1,941.58). Insiders own 1.50% of the company’s stock.

The Baillie Gifford Japan Trust Company Profile

The Trust aims to pursue long-term capital growth principally through investment in medium to smaller sized Japanese companies which are believed to have above average prospects for growth. We invest in a spread of 40–70 companies, predominantly medium and smaller sized, that we believe offer good growth opportunities.

Growth may come from innovative business models, disrupting traditional Japanese practices or market opportunities, such as growth from overseas.

We aim to take a three to five year view and the Trust is managed by looking at the underlying investments rather than the benchmark which is TOPIX total return.