Baillie Gifford Shin Nippon (LON:BGS) Reaches New 12-Month High - Here's What Happened

Baillie Gifford Shin Nippon PLC (LON:BGS - Get Free Report) hit a new 52-week high during mid-day trading on Wednesday . The stock traded as high as GBX 125 ($1.69) and last traded at GBX 124.40 ($1.68), with a volume of 365403 shares changing hands. The stock had previously closed at GBX 124.40 ($1.68).

Baillie Gifford Shin Nippon Trading Down 0.8%

The firm has a market cap of £347.84 million, a price-to-earnings ratio of -6.30 and a beta of 0.60. The company's 50-day moving average price is GBX 118.68 and its 200-day moving average price is GBX 114.98. The company has a quick ratio of 3.66, a current ratio of 0.13 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.