Baillie Gifford Shin Nippon (LON:BGS) Shares Cross Above 50-Day Moving Average - Should You Sell?

Key Points

• Baillie Gifford Shin Nippon PLC shares rose above their fifty-day moving average of GBX 122.22, trading as high as GBX 130.80 during the session.
• The stock has a market capitalization of £360.49 million and a price-to-earnings ratio of -6.53, indicating its current valuation metrics.
• The investment strategy focuses on achieving long-term capital growth through investing in small Japanese companies with strong growth prospects.

Shares of Baillie Gifford Shin Nippon PLC (LON:BGS - Get Free Report) crossed above its 50 day moving average during trading on Friday . The stock has a 50 day moving average of GBX 122.22 ($1.63) and traded as high as GBX 130.80 ($1.74). Baillie Gifford Shin Nippon shares last traded at GBX 129.13 ($1.72), with a volume of 622,477 shares trading hands.

Baillie Gifford Shin Nippon Stock Performance

The company has a current ratio of 0.13, a quick ratio of 3.66 and a debt-to-equity ratio of 20.31. The company has a market cap of £369.06 million, a PE ratio of -6.69 and a beta of 0.60. The firm's 50-day simple moving average is GBX 122.90 and its two-hundred day simple moving average is GBX 116.57.

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.