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

Key Points

• Baillie Gifford Shin Nippon PLC's share price recently surpassed its 50-day moving average of GBX 127.73, indicating potential positive momentum in trading.
• The company's stock price was recorded at GBX 133.60 ($1.80) with a relatively low current ratio of 0.13 and a significant debt-to-equity ratio of 20.31.
• Baillie Gifford Shin Nippon focuses on long-term capital growth by investing in small Japanese companies with perceived high growth potential.

Baillie Gifford Shin Nippon PLC (LON:BGS - Get Free Report) passed above its fifty day moving average during trading on Wednesday . The stock has a fifty day moving average of GBX 127.73 ($1.72) and traded as high as GBX 135.40 ($1.83). Baillie Gifford Shin Nippon shares last traded at GBX 133.60 ($1.80), with a volume of 143,644 shares traded.

Baillie Gifford Shin Nippon Stock Up 0.3%

The stock has a market cap of £345.16 million, a price-to-earnings ratio of -1,306.80 and a beta of 0.60. 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 stock's 50-day moving average price is GBX 128.24 and its 200-day moving average price is GBX 118.63.

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.