Cordiant Digital Infrastructure (LON:CORD) Reaches New 1-Year Low – Time to Sell?

Cordiant Digital Infrastructure (LON:CORD)’s share price hit a new 52-week low during trading on Tuesday . The company traded as low as GBX 0.02 and last traded at GBX 103, with a volume of 556148 shares changing hands. The stock had previously closed at GBX 103.

Cordiant Digital Infrastructure Stock Performance

The company has a quick ratio of 141.92, a current ratio of 0.54 and a debt-to-equity ratio of 17.12. The stock has a 50 day simple moving average of GBX 105.47 and a two-hundred day simple moving average of GBX 100.47. The stock has a market capitalization of £788.69 million, a P/E ratio of 5.14 and a beta of 0.67.

Insider Transactions at Cordiant Digital Infrastructure

In other Cordiant Digital Infrastructure news, insider Marten Pieters bought 20,000 shares of the firm’s stock in a transaction that occurred on Friday, January 30th. The shares were acquired at an average cost of GBX 104 per share, with a total value of £20,800. 0.06% of the stock is 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.