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

Shares of The Baillie Gifford Japan Trust PLC (LON:BGFDGet Free Report) crossed below its fifty day moving average during trading on Monday . The stock has a fifty day moving average of GBX 900.21 and traded as low as GBX 881. The Baillie Gifford Japan Trust shares last traded at GBX 896, with a volume of 563,337 shares traded.

The Baillie Gifford Japan Trust Price Performance

The firm’s 50 day moving average price is GBX 900.21 and its 200-day moving average price is GBX 901.48. The firm has a market cap of £683.48 million, a price-to-earnings ratio of 5.97 and a beta of 0.73.

The Baillie Gifford Japan Trust Company Profile

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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.

Further Reading

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