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

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.

Baillie Gifford Shin Nippon PLC (LON:BGS - Get Free Report) passed above its 50 day moving average during trading on Friday . The stock has a 50 day moving average of GBX 122.22 ($1.62) 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 changing hands.

Baillie Gifford Shin Nippon Price Performance

The company has a quick ratio of 3.66, a current ratio of 0.13 and a debt-to-equity ratio of 20.31. The company's 50 day moving average is GBX 122.59 and its 200 day moving average is GBX 116.46. The firm has a market capitalization of £368.50 million, a price-to-earnings ratio of -6.68 and a beta of 0.60.

About Baillie Gifford Shin Nippon

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.