Baillie Gifford Shin Nippon (LON:BGS) Shares Pass Below Two Hundred Day Moving Average – Time to Sell?

Shares of Baillie Gifford Shin Nippon PLC (LON:BGSGet Free Report) crossed below its 200-day moving average during trading on Friday . The stock has a 200-day moving average of GBX 113.68 ($1.38) and traded as low as GBX 111.20 ($1.35). Baillie Gifford Shin Nippon shares last traded at GBX 114 ($1.39), with a volume of 3,543,269 shares traded.

Baillie Gifford Shin Nippon Stock Performance

The stock has a market cap of £332.24 million, a price-to-earnings ratio of -570.00 and a beta of 0.60. 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 firm has a fifty day simple moving average of GBX 112.38 and a 200-day simple moving average of GBX 113.68.

Baillie Gifford Shin Nippon Company Profile

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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.

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