The Baillie Gifford Japan Trust (LON:BGFD) Reaches New 52-Week High - What's Next?

The Baillie Gifford Japan Trust PLC (LON:BGFD - Get Free Report)'s share price hit a new 52-week high on Tuesday . The stock traded as high as GBX 812 ($10.87) and last traded at GBX 807.88 ($10.82), with a volume of 18025 shares trading hands. The stock had previously closed at GBX 807 ($10.80).

The Baillie Gifford Japan Trust Stock Performance

The company has a 50 day simple moving average of GBX 776.20 and a 200 day simple moving average of GBX 751.76. The company has a market capitalization of £732.02 million, a PE ratio of 11.12 and a beta of 0.73.

The Baillie Gifford Japan Trust Company Profile

The Trust aims to pursue long-term capital growth principally through investment in medium to smaller sized Japanese companies which are believed to have above average prospects for growth. We invest in a spread of 40–70 companies, predominantly medium and smaller sized, that we believe offer good growth opportunities. Growth may come from innovative business models, disrupting traditional Japanese practices or market opportunities, such as growth from overseas. We aim to take a three to five year view and the Trust is managed by looking at the underlying investments rather than the benchmark which is TOPIX total return.