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

Shares of Baillie Gifford Shin Nippon PLC (LON:BGS - Get Free Report) passed above its fifty day moving average during trading on Tuesday . The stock has a fifty day moving average of GBX 110.57 ($1.50) and traded as high as GBX 117.20 ($1.59). Baillie Gifford Shin Nippon shares last traded at GBX 116.60 ($1.58), with a volume of 973,998 shares trading hands.

Baillie Gifford Shin Nippon Stock Up 1.2%

The stock has a market capitalization of £333.89 million, a P/E ratio of -6.05 and a beta of 0.60. The firm's 50-day simple moving average is GBX 111.07 and its 200 day simple moving average is GBX 113.32. The company has a debt-to-equity ratio of 20.31, a quick ratio of 3.66 and a current ratio of 0.13.

Baillie Gifford Shin Nippon (LON:BGS - Get Free Report) last issued its earnings results on Thursday, April 3rd. The company reported GBX 0.67 ($0.01) earnings per share 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 company also recently announced a dividend, which was paid on Thursday, May 29th. Investors of record on Thursday, April 17th were paid a GBX 0.60 ($0.01) dividend. The ex-dividend date of this dividend was Thursday, April 17th. This represents a yield of 0.57%. Baillie Gifford Shin Nippon's dividend payout ratio (DPR) is currently -5.06%.

Insider Buying and Selling

In related news, insider Kevin Troup bought 10,000 shares of the business's stock in a transaction dated Monday, April 7th. The stock was bought at an average price of GBX 95 ($1.29) per share, for a total transaction of £9,500 ($12,851.73). 0.94% of the stock is currently owned by corporate insiders.

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.