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Baillie Gifford Shin Nippon (LON:BGS) Stock Price Crosses Above 50-Day Moving Average - Here's What Happened

Baillie Gifford Shin Nippon logo with Financial Services background

Baillie Gifford Shin Nippon PLC (LON:BGS - Get Free Report) shares crossed above its fifty day moving average during trading on Thursday . The stock has a fifty day moving average of GBX 114.33 ($1.55) and traded as high as GBX 121.20 ($1.64). Baillie Gifford Shin Nippon shares last traded at GBX 120.80 ($1.64), with a volume of 1,122,288 shares trading hands.

Baillie Gifford Shin Nippon Trading Down 1.2%

The firm has a market capitalization of £335.00 million, a price-to-earnings ratio of -6.07 and a beta of 0.60. The company has a debt-to-equity ratio of 20.31, a current ratio of 0.13 and a quick ratio of 3.66. The firm's 50-day simple moving average is GBX 114.90 and its 200 day simple moving average is GBX 113.83.

Baillie Gifford Shin Nippon (LON:BGS - Get Free Report) last announced its quarterly earnings data on Thursday, April 3rd. The company reported GBX 0.67 ($0.01) EPS for the quarter. Baillie Gifford Shin Nippon had a net margin of 101.98% and a negative return on equity of 13.81%.

Baillie Gifford Shin Nippon Cuts Dividend

The business also recently announced a dividend, which was paid on Thursday, May 29th. Shareholders of record on Thursday, April 17th were paid a dividend of GBX 0.60 ($0.01) per share. The ex-dividend date was Thursday, April 17th. This represents a dividend yield of 0.57%. Baillie Gifford Shin Nippon's payout ratio is presently -5.06%.

Insiders Place Their Bets

In related news, insider Kevin Troup bought 10,000 shares of the firm's stock in a transaction on Monday, April 7th. The shares were purchased at an average price of GBX 95 ($1.29) per share, with a total value of £9,500 ($12,862.17). Insiders own 0.94% of the company's stock.

Baillie Gifford Shin Nippon Company Profile

(Get Free Report)

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.

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