Baillie Gifford Shin Nippon (LON:BGS) Stock Crosses Below Fifty Day Moving Average – Should You Sell?

Baillie Gifford Shin Nippon PLC (LON:BGS)’s stock price crossed below its 50 day moving average during trading on Tuesday . The stock has a 50 day moving average of GBX 114.93 ($1.48) and traded as low as GBX 110 ($1.42). Baillie Gifford Shin Nippon shares last traded at GBX 111.60 ($1.44), with a volume of 1,009,555 shares changing hands.

Baillie Gifford Shin Nippon Price Performance

The company has a current ratio of 0.13, a quick ratio of 3.66 and a debt-to-equity ratio of 20.31. The stock has a fifty day simple moving average of GBX 114.93 and a 200-day simple moving average of GBX 113.52. The stock has a market cap of £320.99 million, a price-to-earnings ratio of -558.00 and a beta of 0.60.

Insider Transactions at Baillie Gifford Shin Nippon

In related news, insider Kevin Troup bought 9,000 shares of the business’s stock in a transaction that occurred on Friday, September 20th. The stock was purchased at an average cost of GBX 119 ($1.53) per share, for a total transaction of £10,710 ($13,782.01). 0.94% of the stock is currently owned by corporate insiders.

Baillie Gifford Shin Nippon Company Profile

Baillie Gifford Shin Nippon PLC is a closed-ended equity mutual fund launched and managed by Baillie Gifford & Co Ltd. It is co-managed by Baillie Gifford & Co The fund invests in the public equity markets of Japan. It seeks to invest in stocks of companies operating across diversified sectors.