The Baillie Gifford Japan Trust (LON:BGFD) Shares Pass Above 50 Day Moving Average – Should You Sell?

The Baillie Gifford Japan Trust PLC (LON:BGFD)’s stock price passed above its 50 day moving average during trading on Thursday . The stock has a 50 day moving average of GBX 754.75 ($9.79) and traded as high as GBX 761 ($9.87). The Baillie Gifford Japan Trust shares last traded at GBX 761 ($9.87), with a volume of 404,144 shares traded.

The Baillie Gifford Japan Trust Stock Performance

The stock has a 50-day moving average of GBX 754.75 and a two-hundred day moving average of GBX 732.67. The company has a market cap of £694.60 million, a P/E ratio of 10.55 and a beta of 0.73.

Insiders Place Their Bets

In related news, insider Patricia Lewis acquired 219 shares of the firm’s stock in a transaction dated Friday, January 3rd. The stock was acquired at an average price of GBX 712 ($9.23) per share, with a total value of £1,559.28 ($2,021.89). 1.50% of the stock is currently owned by insiders.

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.