Baillie Gifford Shin Nippon (LON:BGS) Stock Price Passes Above Fifty Day Moving Average - Time to Sell?

Key Points

• Baillie Gifford Shin Nippon's share price has risen above its fifty-day moving average, reaching a peak of GBX 137.80 ($1.86) during trading.
• The company holds a market capitalization of £377.16 million with an unfavorable P/E ratio of -6.83, indicating potential challenges in profitability.
• This investment trust focuses on small Japanese companies believed to have above-average growth prospects, primarily investing in 40–80 attractively valued firms.

Shares of Baillie Gifford Shin Nippon PLC (LON:BGS - Get Free Report) passed above its 50 day moving average during trading on Tuesday . The stock has a 50 day moving average of GBX 125.98 ($1.70) and traded as high as GBX 137.80 ($1.86). Baillie Gifford Shin Nippon shares last traded at GBX 135.20 ($1.83), with a volume of 295,823 shares trading hands.

Baillie Gifford Shin Nippon Price Performance

The firm has a market capitalization of £376.32 million, a P/E ratio of -6.82 and a beta of 0.60. The company has a debt-to-equity ratio of 20.31, a quick ratio of 3.66 and a current ratio of 0.13. The firm has a 50-day moving average of GBX 126.83 and a 200-day moving average of GBX 118.10.

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.