Baillie Gifford Shin Nippon (LON:BGS) Shares Cross Above 50 Day Moving Average – Here’s What Happened

Baillie Gifford Shin Nippon PLC (LON:BGS) shares crossed above its fifty day moving average during trading on Thursday . The stock has a fifty day moving average of GBX 112.14 ($1.38) and traded as high as GBX 112.83 ($1.39). Baillie Gifford Shin Nippon shares last traded at GBX 112.60 ($1.39), with a volume of 907,244 shares trading hands.

Baillie Gifford Shin Nippon Stock Down 1.1 %

The firm has a 50 day simple moving average of GBX 112.14 and a two-hundred day simple moving average of GBX 113.72. The stock has a market capitalization of £324.40 million, a P/E ratio of -556.55 and a beta of 0.60. The company has a quick ratio of 3.66, a current ratio of 0.13 and a debt-to-equity ratio of 20.31.

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.