The Baillie Gifford Japan Trust (LON:BGFD) Stock Price Passes Above 50 Day Moving Average – Here’s What Happened

The Baillie Gifford Japan Trust PLC (LON:BGFD) crossed above its 50-day moving average during trading on Wednesday . The stock has a 50-day moving average of GBX 748.56 ($9.71) and traded as high as GBX 749 ($9.71). The Baillie Gifford Japan Trust shares last traded at GBX 747 ($9.69), with a volume of 269,007 shares.

The Baillie Gifford Japan Trust Stock Performance

The stock has a market capitalization of £681.82 million, a price-to-earnings ratio of 10.36 and a beta of 0.73. The business has a 50-day moving average of GBX 748.56 and a 200-day moving average of GBX 732.60.

Insider Buying and Selling at The Baillie Gifford Japan Trust

In other news, insider Patricia Lewis purchased 219 shares of the stock in a transaction dated Friday, January 3rd. The stock was acquired at an average cost of GBX 712 ($9.23) per share, for a total transaction of £1,559.28 ($2,022.15). Company insiders own 1.50% of the company’s stock.

About The Baillie Gifford Japan Trust

The Trust aims to pursue long-term capital growth principally through investment in medium to smaller sized Japanese companies which are believed to have above average prospects for growth. We invest in a spread of 40–70 companies, predominantly medium and smaller sized, that we believe offer good growth opportunities.

Growth may come from innovative business models, disrupting traditional Japanese practices or market opportunities, such as growth from overseas.

We aim to take a three to five year view and the Trust is managed by looking at the underlying investments rather than the benchmark which is TOPIX total return.