Baillie Gifford Shin Nippon (LON:BGS) Share Price Passes Above 50-Day Moving Average - Here's Why

Baillie Gifford Shin Nippon PLC (LON:BGS - Get Free Report)'s share price crossed above its 50-day moving average during trading on Thursday . The stock has a 50-day moving average of GBX 112.14 ($1.37) and traded as high as GBX 112.83 ($1.38). Baillie Gifford Shin Nippon shares last traded at GBX 112.60 ($1.37), with a volume of 907,244 shares traded.

Baillie Gifford Shin Nippon Trading Down 0.6 %

The stock has a market cap of £326.30 million, a price-to-earnings ratio of -559.80 and a beta of 0.60. The business's 50 day moving average is GBX 112.17 and its 200 day moving average is GBX 113.71. The company has a debt-to-equity ratio of 20.31, a current ratio of 0.13 and a quick ratio of 3.66.

About Baillie Gifford Shin Nippon

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.