Baillie Gifford Shin Nippon (LON:BGS) Stock Price Down 0.5% – Here’s Why

Baillie Gifford Shin Nippon PLC (LON:BGS) shares dropped 0.5% during mid-day trading on Wednesday . The company traded as low as GBX 113 ($1.43) and last traded at GBX 113.40 ($1.43). Approximately 4,200,343 shares changed hands during trading, an increase of 339% from the average daily volume of 957,626 shares. The stock had previously closed at GBX 114 ($1.44).

Baillie Gifford Shin Nippon Stock Down 0.5 %

The firm has a market capitalization of £328.74 million, a price-to-earnings ratio of -564.00 and a beta of 0.60. The business has a 50 day moving average of GBX 112.79 and a 200 day moving average of GBX 113.46. The company has a debt-to-equity ratio of 20.31, a current ratio of 0.13 and a quick ratio of 3.66.

Insider Buying and Selling at Baillie Gifford Shin Nippon

In related news, insider Kevin Troup bought 9,000 shares of the business’s stock in a transaction that occurred on Friday, September 20th. The stock was acquired at an average price of GBX 119 ($1.50) per share, for a total transaction of £10,710 ($13,517.61). Insiders own 0.94% of the company’s stock.

Baillie Gifford Shin Nippon Company Profile

Baillie Gifford Shin Nippon PLC is a closed-ended equity mutual fund launched and managed by Baillie Gifford & Co Ltd. It is co-managed by Baillie Gifford & Co The fund invests in the public equity markets of Japan. It seeks to invest in stocks of companies operating across diversified sectors.