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

The Baillie Gifford Japan Trust logo with Financial Services background

The Baillie Gifford Japan Trust PLC (LON:BGFD - Get Free Report)'s stock price passed above its fifty day moving average during trading on Wednesday . The stock has a fifty day moving average of GBX 713.03 ($8.81) and traded as high as GBX 733 ($9.05). The Baillie Gifford Japan Trust shares last traded at GBX 732.70 ($9.05), with a volume of 194,949 shares changing hands.

The Baillie Gifford Japan Trust Stock Performance

The stock has a market cap of £640.06 million, a P/E ratio of 3,490.48 and a beta of 0.73. The stock has a fifty day simple moving average of GBX 713.33 and a 200-day simple moving average of GBX 724.08. The company has a quick ratio of 0.14, a current ratio of 0.18 and a debt-to-equity ratio of 18.86.

The Baillie Gifford Japan Trust (LON:BGFD - Get Free Report) last announced its quarterly earnings results on Tuesday, October 29th. The company reported GBX 8.23 ($0.10) earnings per share (EPS) for the quarter. The Baillie Gifford Japan Trust had a net margin of 191.87% and a return on equity of 2.40%.

The Baillie Gifford Japan Trust Dividend Announcement

The business also recently disclosed a dividend, which was paid on Wednesday, December 18th. Investors of record on Thursday, November 14th were given a GBX 10 ($0.12) dividend. The ex-dividend date of this dividend was Thursday, November 14th. This represents a yield of 1.43%. The Baillie Gifford Japan Trust's dividend payout ratio is currently 4,761.90%.

Insider Buying and Selling at The Baillie Gifford Japan Trust

In other The Baillie Gifford Japan Trust news, insider Patricia Lewis acquired 219 shares of the business's stock in a transaction dated Friday, January 3rd. The shares were acquired at an average price of GBX 712 ($8.79) per share, with a total value of £1,559.28 ($1,925.99). Company insiders own 1.50% of the company's stock.

About The Baillie Gifford Japan Trust

(Get Free Report)

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.

Further Reading

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