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The Baillie Gifford Japan Trust (LON:BGFD) Shares Pass Above 50-Day Moving Average - Here's Why

The Baillie Gifford Japan Trust logo with Financial Services background

The Baillie Gifford Japan Trust PLC (LON:BGFD - Get Free Report) crossed above its 50 day moving average during trading on Friday . The stock has a 50 day moving average of GBX 731.98 ($9.89) and traded as high as GBX 754 ($10.19). The Baillie Gifford Japan Trust shares last traded at GBX 748 ($10.11), with a volume of 108,008 shares.

The Baillie Gifford Japan Trust Stock Performance

The stock has a 50-day moving average of GBX 731.80 and a 200-day moving average of GBX 733.94. The firm has a market cap of £698.25 million, a price-to-earnings ratio of 10.61 and a beta of 0.73.

The Baillie Gifford Japan Trust (LON:BGFD - Get Free Report) last announced its quarterly earnings data on Friday, March 28th. The company reported GBX 3.41 ($0.05) earnings per share for the quarter. The Baillie Gifford Japan Trust had a return on equity of 8.49% and a net margin of 94.64%.

The Baillie Gifford Japan Trust Company Profile

(Get Free Report)

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.

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