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

Key Points

• The Baillie Gifford Japan Trust's stock price recently crossed above its 50-day moving average, trading as high as GBX 900 ($12.09).
• Insider Simon Davis purchased 895 shares of the Trust at an average price of GBX 838, indicating confidence in the stock's potential.
• The Trust focuses on long-term capital growth by investing in medium to smaller-sized Japanese companies with promising growth prospects.

The Baillie Gifford Japan Trust PLC (LON:BGFD - Get Free Report)'s stock price crossed above its 50 day moving average during trading on Thursday . The stock has a 50 day moving average of GBX 851.35 ($11.52) and traded as high as GBX 900 ($12.18). The Baillie Gifford Japan Trust shares last traded at GBX 897 ($12.13), with a volume of 46,190 shares changing hands.

The Baillie Gifford Japan Trust Trading Up 1.2%

The firm's 50-day simple moving average is GBX 857.17 and its 200-day simple moving average is GBX 787.25. The company has a market capitalization of £705.93 million, a PE ratio of 5,282.43 and a beta of 0.73.

Insiders Place Their Bets

In other news, insider Simon Davis purchased 895 shares of the stock in a transaction dated Monday, July 28th. The stock was acquired at an average cost of GBX 838 per share, for a total transaction of £7,500.10. Company insiders own 0.20% of the company's stock.

About The Baillie Gifford Japan Trust

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.