Baillie Gifford Shin Nippon (LON:BGS) Trading Down 0.5% – Time to Sell?

Baillie Gifford Shin Nippon PLC (LON:BGS) shares dropped 0.5% on Wednesday . The stock traded as low as GBX 113 ($1.43) and last traded at GBX 113.40 ($1.43). Approximately 4,200,343 shares were traded during trading, an increase of 339% from the average daily volume of 957,626 shares. The stock had previously closed at GBX 114 ($1.44).

Baillie Gifford Shin Nippon Price Performance

The company has a debt-to-equity ratio of 20.31, a current ratio of 0.13 and a quick ratio of 3.66. The stock has a market capitalization of £328.74 million, a price-to-earnings ratio of -564.00 and a beta of 0.60. The stock’s 50 day simple moving average is GBX 112.79 and its 200-day simple moving average is GBX 113.46.

Insider Activity at Baillie Gifford Shin Nippon

In other news, insider Kevin Troup purchased 9,000 shares of the company’s stock in a transaction dated Friday, September 20th. The shares were bought at an average price of GBX 119 ($1.50) per share, with a total value of £10,710 ($13,517.61). 0.94% of the stock is owned by company insiders.

Baillie Gifford Shin Nippon Company Profile

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.