Baillie Gifford Shin Nippon (LON:BGS) Shares Pass Above 50 Day Moving Average – What’s Next?

Baillie Gifford Shin Nippon PLC (LON:BGS) shares passed above its fifty day moving average during trading on Wednesday . The stock has a fifty day moving average of GBX 115.52 ($1.51) and traded as high as GBX 118.60 ($1.55). Baillie Gifford Shin Nippon shares last traded at GBX 115.60 ($1.51), with a volume of 919,578 shares trading hands.

Baillie Gifford Shin Nippon Stock Performance

The company has a debt-to-equity ratio of 20.31, a current ratio of 0.13 and a quick ratio of 3.66. The stock’s 50 day simple moving average is GBX 115.52 and its two-hundred day simple moving average is GBX 114.12. The company has a market capitalization of £332.97 million, a P/E ratio of -578.00 and a beta of 0.60.

Insiders Place Their Bets

In other news, insider Kevin Troup purchased 9,000 shares of the firm’s stock in a transaction that occurred on Friday, September 20th. The shares were acquired at an average price of GBX 119 ($1.55) per share, for a total transaction of £10,710 ($13,985.37). Company insiders own 0.94% of the company’s stock.

Baillie Gifford Shin Nippon Company Profile

Baillie Gifford Shin Nippon PLC is a closed-ended equity mutual fund launched and managed by Baillie Gifford & Co Ltd. It is co-managed by Baillie Gifford & Co The fund invests in the public equity markets of Japan. It seeks to invest in stocks of companies operating across diversified sectors.