Cordiant Digital Infrastructure (LON:CORD) Reaches New 12-Month Low – Here’s Why

Cordiant Digital Infrastructure (LON:CORD) shares reached a new 52-week low during trading on Thursday . The stock traded as low as GBX 0.02 and last traded at GBX 104.50, with a volume of 912872 shares changing hands. The stock had previously closed at GBX 104.50.

Cordiant Digital Infrastructure Stock Up 1.4%

The firm has a 50 day simple moving average of GBX 105.76 and a two-hundred day simple moving average of GBX 101.16. The company has a market capitalization of £811.66 million, a PE ratio of 5.29 and a beta of 0.67. The company has a current ratio of 0.54, a quick ratio of 141.92 and a debt-to-equity ratio of 17.12.

Insider Buying and Selling at Cordiant Digital Infrastructure

In other news, insider Marten Pieters acquired 20,000 shares of the stock in a transaction that occurred on Friday, January 30th. The shares were purchased at an average cost of GBX 104 per share, for a total transaction of £20,800. 0.06% of the stock is currently owned by corporate insiders.

Cordiant Digital Infrastructure Company Profile

Cordiant Digital Infrastructure Limited primarily invests in the core infrastructure of the digital economy – data centres, fibre-optic networks and telecommunication and broadcast towers – in Europe and North America. Further details about the Company can be found on its website at www.cordiantdigitaltrust.com.

The Company is a sector-focused specialist owner and operator of Digital Infrastructure, listed on the London Stock Exchange under the ticker CORD. In total, the Company has successfully raised £795 million in equity, along with a debt package that includes a €200m Eurobond with a consortium of blue-chip institutions; deploying the proceeds into six acquisitions: CRA, Hudson, Emitel, Speed Fibre, Belgian Tower Company, and DCU which together offer stable, often index-linked income, and the opportunity for growth, in line with the Company’s Buy, Build & Grow model.