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

Shares of Baillie Gifford Shin Nippon PLC (LON:BGS) passed above its 50-day moving average during trading on Thursday . The stock has a 50-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 Performance

The company has a market cap of £324.40 million, a price-to-earnings ratio of -556.55 and a beta of 0.60. The firm’s 50 day simple moving average is GBX 112.14 and its 200-day simple moving average is GBX 113.72. The company has a debt-to-equity ratio of 20.31, a quick ratio of 3.66 and a current ratio of 0.13.

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.