Baillie Gifford Shin Nippon (LON:BGS) Sets New 1-Year High - Here's Why

Key Points

• Baillie Gifford Shin Nippon's share price reached a new 52-week high at GBX 128.20 ($1.71) during trading, up from a previous close of GBX 126.60 ($1.69).
• The company has a market cap of £357.34 million and a price-to-earnings ratio of -6.47, indicating potential volatility in its earnings.
• Baillie Gifford Shin Nippon focuses on long-term capital growth by investing in small Japanese companies with above-average capital growth prospects.

Baillie Gifford Shin Nippon PLC (LON:BGS - Get Free Report)'s share price hit a new 52-week high during trading on Wednesday . The stock traded as high as GBX 128.20 ($1.70) and last traded at GBX 128 ($1.70), with a volume of 3549749 shares trading hands. The stock had previously closed at GBX 126.60 ($1.68).

Baillie Gifford Shin Nippon Stock Up 0.9%

The firm has a 50 day moving average of GBX 122.22 and a 200 day moving average of GBX 116.31. The firm has a market cap of £360.49 million, a price-to-earnings ratio of -6.53 and a beta of 0.60. 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.