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

Baillie Gifford Shin Nippon PLC (LON:BGS) shares crossed 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 changing hands.

Baillie Gifford Shin Nippon Stock Performance

The business’s fifty day simple moving average is GBX 114.85 and its 200-day simple moving average is GBX 114.26. The firm has a market cap of £327.74 million, a P/E ratio of -5.94 and a beta of 0.60. The company has a current ratio of 0.13, a quick ratio of 3.66 and a debt-to-equity ratio of 20.31.

About Baillie Gifford Shin Nippon

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.