Cordiant Digital Infrastructure (LON:CORD) Hits New 1-Year High – Time to Buy?

Cordiant Digital Infrastructure (LON:CORD)’s share price reached a new 52-week high during trading on Monday . The company traded as high as GBX 124 and last traded at GBX 121.37, with a volume of 1404 shares changing hands. The stock had previously closed at GBX 122.50.

Cordiant Digital Infrastructure Stock Up 0.2%

The business has a fifty day simple moving average of GBX 113.20 and a 200 day simple moving average of GBX 107.83. The company has a market cap of £921.01 million, a price-to-earnings ratio of 6.01 and a beta of 0.61.

Insider Buying and Selling at Cordiant Digital Infrastructure

In other Cordiant Digital Infrastructure news, insider Simon Pitcher bought 10,000 shares of Cordiant Digital Infrastructure stock in a transaction on Monday, April 27th. The stock was bought at an average price of GBX 110 per share, with a total value of £11,000. Also, insider Shonaid Jemmett- Page bought 23,753 shares of Cordiant Digital Infrastructure stock in a transaction on Monday, April 13th. The stock was acquired at an average cost of GBX 105 per share, with a total value of £24,940.65. Over the last quarter, insiders acquired 43,753 shares of company stock valued at $4,644,065. 0.06% of the stock is owned by company 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.