Baillie Gifford Shin Nippon (LON:BGS) Stock Crosses Below 50 Day Moving Average – Here’s What Happened

Shares of Baillie Gifford Shin Nippon PLC (LON:BGS) passed below its 50 day moving average during trading on Wednesday . The stock has a 50 day moving average of GBX 133.81 ($1.79) and traded as low as GBX 131.20 ($1.75). Baillie Gifford Shin Nippon shares last traded at GBX 132.60 ($1.77), with a volume of 993,410 shares trading hands.

Baillie Gifford Shin Nippon Stock Performance

The business’s fifty day moving average price is GBX 133.81 and its 200-day moving average price is GBX 123.67. 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 cap of £330.83 million, a PE ratio of 52.22 and a beta of 0.60.

Baillie Gifford Shin Nippon (LON:BGS) last posted its quarterly earnings data on Friday, September 5th. The company reported GBX 0.37 earnings per share (EPS) for the quarter. Baillie Gifford Shin Nippon had a net margin of 101.98% and a negative return on equity of 13.81%.

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.