Baillie Gifford Shin Nippon (LON:BGS) Shares Down 0.5% – Here’s Why

Baillie Gifford Shin Nippon PLC (LON:BGS) shares were down 0.5% on Wednesday . The company traded as low as GBX 113 ($1.44) and last traded at GBX 113.40 ($1.45). Approximately 4,200,343 shares traded hands during mid-day trading, an increase of 339% from the average daily volume of 957,626 shares. The stock had previously closed at GBX 114 ($1.45).

Baillie Gifford Shin Nippon Stock Performance

The firm has a market cap of £330.49 million, a P/E ratio of -567.00 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 company’s 50-day moving average is GBX 112.97 and its two-hundred day moving average is GBX 113.44.

Insider Transactions at Baillie Gifford Shin Nippon

In other Baillie Gifford Shin Nippon news, insider Kevin Troup bought 9,000 shares of the business’s stock in a transaction dated Friday, September 20th. The shares were purchased at an average price of GBX 119 ($1.52) per share, for a total transaction of £10,710 ($13,662.46). Company insiders own 0.94% of the company’s stock.

About Baillie Gifford Shin Nippon

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.