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

Key Points

• The Baillie Gifford Japan Trust's stock has recently surpassed its 50-day moving average of GBX 837.61, indicating a positive price trend.
• The company has a market cap of £824.20 million and a P/E ratio of 12.52, with shares recently trading at GBX 896.
• Insider Simon Davis purchased 895 shares at an average cost of GBX 838, reflecting confidence in the company's growth potential.

The Baillie Gifford Japan Trust PLC (LON:BGFD - Get Free Report) shares crossed above its fifty day moving average during trading on Wednesday . The stock has a fifty day moving average of GBX 837.61 ($11.31) and traded as high as GBX 898 ($12.13). The Baillie Gifford Japan Trust shares last traded at GBX 896 ($12.10), with a volume of 114,322 shares traded.

The Baillie Gifford Japan Trust Trading Down 0.4%

The company has a market cap of £698.19 million, a price-to-earnings ratio of 5,200.00 and a beta of 0.73. The firm's fifty day moving average price is GBX 842.39 and its 200-day moving average price is GBX 781.67.

Insider Buying and Selling

In other The Baillie Gifford Japan Trust news, insider Simon Davis purchased 895 shares of the business's stock in a transaction on Monday, July 28th. The shares were purchased at an average cost of GBX 838 per share, with a total value of £7,500.10. 0.20% of the stock is owned by company 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.