Baillie Gifford Shin Nippon (LON:BGS) Stock Passes Above 50 Day Moving Average – Here’s Why

Baillie Gifford Shin Nippon PLC (LON:BGS) shares passed above its fifty day moving average during trading on Tuesday . The stock has a fifty day moving average of GBX 113.76 ($1.42) and traded as high as GBX 117.40 ($1.47). Baillie Gifford Shin Nippon shares last traded at GBX 115.60 ($1.44), with a volume of 371,598 shares traded.

Baillie Gifford Shin Nippon Price Performance

The stock has a fifty day moving average of GBX 113.76 and a two-hundred day moving average of GBX 113.81. The company has a current ratio of 0.13, a quick ratio of 3.66 and a debt-to-equity ratio of 20.31. The stock has a market capitalization of £336.39 million, a price-to-earnings ratio of -577.11 and a beta of 0.60.

Baillie Gifford Shin Nippon Company Profile

The Trust aims to achieve long-term capital growth principally through investment in small Japanese companies which are believed to have above-average prospects for capital growth. We invest in 40–80 attractively valued smaller companies that we believe offer good growth opportunities. The Trust is actively managed and will primarily consist of listed companies although up to 10% of total assets can be invested, at the time of initial investment, in unlisted investments, including private companies.