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

Baillie Gifford Shin Nippon PLC (LON:BGS)’s stock price crossed above its 50 day moving average during trading on Friday . The stock has a 50 day moving average of GBX 115.31 ($1.45) and traded as high as GBX 116.80 ($1.47). Baillie Gifford Shin Nippon shares last traded at GBX 116.20 ($1.46), with a volume of 1,222,995 shares changing hands.

Baillie Gifford Shin Nippon Stock Performance

The stock has a market capitalization of £324.39 million, a P/E ratio of -5.88 and a beta of 0.60. The company has a quick ratio of 3.66, a current ratio of 0.13 and a debt-to-equity ratio of 20.31. The business has a fifty day moving average price of GBX 115.43 and a 200-day moving average price of GBX 114.48.

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.