The Baillie Gifford Japan Trust (LON:BGFD) Share Price Crosses Below Fifty Day Moving Average – Here’s Why

The Baillie Gifford Japan Trust PLC (LON:BGFD) passed below its fifty day moving average during trading on Monday . The stock has a fifty day moving average of GBX 900.21 and traded as low as GBX 881. The Baillie Gifford Japan Trust shares last traded at GBX 896, with a volume of 563,337 shares changing hands.

The Baillie Gifford Japan Trust Trading Up 0.7%

The stock has a market capitalization of £683.48 million, a price-to-earnings ratio of 5.97 and a beta of 0.73. The company has a fifty day moving average of GBX 900.21 and a two-hundred day moving average of GBX 901.48.

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.