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

The Baillie Gifford Japan Trust PLC (LON:BGFD) shares crossed below its 50-day moving average during trading on Monday . The stock has a 50-day moving average of GBX 746.40 ($9.88) and traded as low as GBX 695 ($9.20). The Baillie Gifford Japan Trust shares last traded at GBX 708 ($9.37), with a volume of 633,085 shares trading hands.

The Baillie Gifford Japan Trust Price Performance

The firm’s 50 day simple moving average is GBX 743.92 and its 200-day simple moving average is GBX 729.68. The company has a market cap of £650.78 million, a price-to-earnings ratio of 9.89 and a beta of 0.73.

The Baillie Gifford Japan Trust (LON:BGFD) last announced its earnings results on Friday, March 28th. The company reported GBX 3.41 ($0.05) earnings per share (EPS) for the quarter. The Baillie Gifford Japan Trust had a net margin of 94.64% and a return on equity of 8.49%.

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.