Sarah MacAulay, an insider at the Baillie Gifford China Growth Trust, has purchased 33,000 shares of the company’s stock. The transaction took place on January 23, 2024, at an average price of GBX 318 per share, amounting to a total investment of £104,940.
Stock Performance and Financial Metrics
Following the acquisition, shares of the Baillie Gifford China Growth Trust experienced a slight decline of 1.1% on the trading day of January 26, 2024, closing at GBX 314.50. The trading volume reached 278,559 shares, significantly higher than its average volume of 148,860 shares.
The company is currently reporting a debt-to-equity ratio of 4.63, indicating a high level of debt in relation to equity. Additionally, it has a quick ratio of 0.38 and a current ratio of 0.41, suggesting liquidity challenges. The firm’s fifty-day moving average stands at GBX 309.99, while its 200-day moving average is GBX 298.38.
With a market capitalization of approximately £181.13 million and a price-to-earnings ratio of 3.72, the Baillie Gifford China Growth Trust also has a beta of 0.55. This reflects lower volatility compared to the overall market. The stock has fluctuated within a fifty-two week range, with a low of GBX 215.63 and a high of GBX 328.
The acquisition by MacAulay may signal confidence in the trust’s future prospects, despite current market conditions affecting its share price. Investors will be observing how this insider purchase influences market sentiment in the coming days.
For those looking to stay informed, the Baillie Gifford China Growth Trust provides updates and ratings through various financial news platforms, including MarketBeat’s daily newsletter.
