The Baillie Gifford Japan Trust (LON:BGFD) Hits New 52-Week High – Still a Buy?

The Baillie Gifford Japan Trust PLC (LON:BGFD)’s stock price reached a new 52-week high during trading on Monday . The stock traded as high as GBX 777 ($9.68) and last traded at GBX 777 ($9.68), with a volume of 29747 shares changing hands. The stock had previously closed at GBX 776 ($9.66).

The Baillie Gifford Japan Trust Stock Down 0.7 %

The firm has a 50-day simple moving average of GBX 727.93 and a 200 day simple moving average of GBX 725.41. The company has a market capitalization of £671.42 million, a PE ratio of 3,661.51 and a beta of 0.73. The company has a debt-to-equity ratio of 18.86, a current ratio of 0.18 and a quick ratio of 0.14.

Insider Activity at The Baillie Gifford Japan Trust

In other news, insider Patricia Lewis purchased 219 shares of the stock in a transaction that occurred on Friday, January 3rd. The stock was acquired at an average cost of GBX 712 ($8.87) per share, with a total value of £1,559.28 ($1,941.58). Company insiders own 1.50% of the company’s stock.

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.