The Baillie Gifford Japan Trust (LON:BGFD) Sets New 52-Week High – Time to Buy?

The Baillie Gifford Japan Trust PLC (LON:BGFD) hit a new 52-week high during trading on Monday . The company traded as high as GBX 778.50 ($9.82) and last traded at GBX 775.49 ($9.78), with a volume of 32380 shares trading hands. The stock had previously closed at GBX 776 ($9.79).

The Baillie Gifford Japan Trust Stock Performance

The business has a 50-day moving average price of GBX 731.36 and a 200 day moving average price of GBX 726.38. The stock has a market cap of £711.94 million, a PE ratio of 10.81 and a beta of 0.73.

Insider Activity

In related news, insider Patricia Lewis acquired 219 shares of the company’s stock in a transaction that occurred on Friday, January 3rd. The shares were acquired at an average price of GBX 712 ($8.98) per share, with a total value of £1,559.28 ($1,967.05). Insiders own 1.50% of the company’s stock.

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.