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

The Baillie Gifford Japan Trust PLC (LON:BGFD - Get Free Report) shares passed above its fifty day moving average during trading on Thursday . The stock has a fifty day moving average of GBX 754.75 ($9.75) and traded as high as GBX 761 ($9.83). The Baillie Gifford Japan Trust shares last traded at GBX 761 ($9.83), with a volume of 404,144 shares.

The Baillie Gifford Japan Trust Stock Performance

The stock has a market capitalization of £691.40 million, a P/E ratio of 10.50 and a beta of 0.73. The business has a 50 day simple moving average of GBX 755.93 and a 200-day simple moving average of GBX 732.55.

Insider Activity at The Baillie Gifford Japan Trust

In related news, insider Patricia Lewis acquired 219 shares of The Baillie Gifford Japan Trust stock in a transaction dated Friday, January 3rd. The stock was acquired at an average cost of GBX 712 ($9.19) per share, with a total value of £1,559.28 ($2,013.53). Company insiders own 1.50% of the company's stock.

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.