The Baillie Gifford Japan Trust (LON:BGFD) Reaches New 52-Week High - Here's Why

The Baillie Gifford Japan Trust PLC (LON:BGFD - Get Free Report)'s stock price hit a new 52-week high during mid-day trading on Monday . The company traded as high as GBX 878.32 ($11.88) and last traded at GBX 872.39 ($11.80), with a volume of 4274 shares traded. The stock had previously closed at GBX 875 ($11.84).

The Baillie Gifford Japan Trust Price Performance

The company has a market cap of £821.47 million, a price-to-earnings ratio of 12.48 and a beta of 0.73. The stock has a 50 day simple moving average of GBX 815.09 and a two-hundred day simple moving average of GBX 771.25.

Insiders Place Their Bets

In other news, insider Simon Davis bought 895 shares of the company's stock in a transaction on Monday, July 28th. The stock was bought at an average cost of GBX 838 ($11.34) per share, with a total value of £7,500.10 ($10,147.61). 1.50% of the stock is currently owned by corporate insiders.

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.