Baillie Gifford Shin Nippon (LON:BGS) Share Price Passes Above 50 Day Moving Average – Time to Sell?

Baillie Gifford Shin Nippon PLC (LON:BGS)’s stock price crossed above its fifty day moving average during trading on Tuesday . The stock has a fifty day moving average of GBX 115.95 ($1.51) and traded as high as GBX 116.60 ($1.52). Baillie Gifford Shin Nippon shares last traded at GBX 115.20 ($1.50), with a volume of 4,521,298 shares.

Baillie Gifford Shin Nippon Stock Down 0.5 %

The business has a 50-day moving average of GBX 115.95 and a 200-day moving average of GBX 114.59. The company has a debt-to-equity ratio of 20.31, a quick ratio of 3.66 and a current ratio of 0.13. The stock has a market capitalization of £321.60 million, a price-to-earnings ratio of -5.83 and a beta of 0.60.

About Baillie Gifford Shin Nippon

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.