Cordiant Digital Infrastructure (LON:CORD) Sets New 52-Week High – Here’s What Happened

Cordiant Digital Infrastructure (LON:CORD) hit a new 52-week high during mid-day trading on Thursday . The stock traded as high as GBX 119 and last traded at GBX 117.50, with a volume of 5812307 shares trading hands. The stock had previously closed at GBX 117.

Cordiant Digital Infrastructure Stock Down 0.7%

The firm’s 50-day moving average is GBX 109.21 and its 200-day moving average is GBX 105.82. The company has a market cap of £904.43 million, a PE ratio of 5.90 and a beta of 0.61.

Insider Activity at Cordiant Digital Infrastructure

In related news, insider Shonaid Jemmett- Page purchased 23,753 shares of Cordiant Digital Infrastructure stock in a transaction that occurred on Monday, April 13th. The shares were bought at an average price of GBX 105 per share, for a total transaction of £24,940.65. Also, insider Simon Pitcher purchased 10,000 shares of Cordiant Digital Infrastructure stock in a transaction that occurred on Monday, April 27th. The shares were bought at an average price of GBX 110 per share, for a total transaction of £11,000. Insiders have purchased 43,753 shares of company stock worth $4,644,065 over the last 90 days. 0.06% of the stock is owned by company insiders.

About Cordiant Digital Infrastructure

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.