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Baillie Gifford Shin Nippon (LON:BGS) Stock Passes Above Fifty Day Moving Average - Here's Why

Baillie Gifford Shin Nippon logo with Financial Services background

Baillie Gifford Shin Nippon PLC (LON:BGS - Get Free Report) shares crossed above its 50-day moving average during trading on Wednesday . The stock has a 50-day moving average of GBX 112.05 ($1.52) and traded as high as GBX 121.60 ($1.65). Baillie Gifford Shin Nippon shares last traded at GBX 121.20 ($1.64), with a volume of 1,161,468 shares changing hands.

Baillie Gifford Shin Nippon Trading Down 2.0%

The stock has a fifty day moving average of GBX 112.91 and a 200-day moving average of GBX 113.61. 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 company has a market cap of £333.89 million, a PE ratio of -6.05 and a beta of 0.60.

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

Baillie Gifford Shin Nippon Cuts Dividend

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

Insider Activity at Baillie Gifford Shin Nippon

In other news, insider Kevin Troup bought 10,000 shares of the stock in a transaction on Monday, April 7th. The stock was acquired at an average cost of GBX 95 ($1.29) per share, for a total transaction of £9,500 ($12,890.09). 0.94% of the stock is owned by company insiders.

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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