The Baillie Gifford Japan Trust (LON:BGFD) Hits New 12-Month High – Here’s Why

The Baillie Gifford Japan Trust PLC (LON:BGFD)’s stock price hit a new 52-week high during mid-day trading on Thursday . The company traded as high as GBX 1,026.22 and last traded at GBX 1,026.22, with a volume of 931480 shares traded. The stock had previously closed at GBX 1,008.

The Baillie Gifford Japan Trust Stock Down 1.1%

The firm has a fifty day simple moving average of GBX 989.34 and a 200 day simple moving average of GBX 933.71. The company has a debt-to-equity ratio of 7.29, a quick ratio of 0.14 and a current ratio of 0.14. The company has a market cap of £677.90 million, a PE ratio of 5.40 and a beta of 0.99.

The Baillie Gifford Japan Trust Company Profile

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.