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

Baillie Gifford Shin Nippon PLC (LON:BGS - Get Free Report) shares passed above its fifty day moving average during trading on Friday . The stock has a fifty day moving average of GBX 116.09 ($1.59) and traded as high as GBX 124.20 ($1.70). Baillie Gifford Shin Nippon shares last traded at GBX 123.80 ($1.70), with a volume of 233,549 shares changing hands.

Baillie Gifford Shin Nippon Stock Up 0.5%

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 simple moving average of GBX 116.09 and a two-hundred day simple moving average of GBX 114.07. The stock has a market cap of £345.61 million, a P/E ratio of -6.26 and a beta of 0.60.

Baillie Gifford Shin Nippon (LON:BGS - Get Free Report) last issued its quarterly earnings results on Thursday, April 3rd. The company reported GBX 0.67 ($0.01) 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 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 of this dividend was Thursday, April 17th. This represents a yield of 0.57%. Baillie Gifford Shin Nippon's payout ratio is -5.06%.

Insiders Place Their Bets

In other news, insider Kevin Troup acquired 10,000 shares of the business's stock in a transaction dated Monday, April 7th. The stock was acquired at an average price of GBX 95 ($1.30) per share, for a total transaction of £9,500 ($13,033.34). 0.94% of the stock is owned by insiders.

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.