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

Baillie Gifford Shin Nippon PLC (LON:BGS)’s share price crossed below its fifty day moving average during trading on Wednesday . The stock has a fifty 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 traded.

Baillie Gifford Shin Nippon Stock Performance

The company has a current ratio of 0.13, a quick ratio of 3.66 and a debt-to-equity ratio of 20.31. The company’s 50 day moving average is GBX 133.81 and its 200-day moving average is GBX 123.67. The company has a market capitalization of £330.83 million, a P/E ratio of 52.22 and a beta of 0.60.

Baillie Gifford Shin Nippon (LON:BGS) last issued its quarterly earnings results 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.