The Baillie Gifford Japan Trust (LON:BGFD) Stock Price Passes Above 50 Day Moving Average – What’s Next?

The Baillie Gifford Japan Trust PLC (LON:BGFD)’s share price passed above its fifty day moving average during trading on Wednesday . The stock has a fifty day moving average of GBX 710.93 ($8.80) and traded as high as GBX 716 ($8.86). The Baillie Gifford Japan Trust shares last traded at GBX 709.25 ($8.78), with a volume of 87,464 shares.

The Baillie Gifford Japan Trust Price Performance

The firm has a market cap of £626.96 million, a P/E ratio of 3,419.05 and a beta of 0.73. The stock’s 50-day moving average is GBX 711.17 and its 200-day moving average is GBX 724.87. 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 Announces Dividend

The firm also recently declared a dividend, which was paid on Wednesday, December 18th. Shareholders of record on Thursday, November 14th were paid a dividend of GBX 10 ($0.12) per share. 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%.

About The Baillie Gifford Japan Trust

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.