Cordiant Digital Infrastructure (LON:CORD) Sets New 52-Week Low – Time to Sell?

Cordiant Digital Infrastructure (LON:CORD)’s share price hit a new 52-week low on Tuesday . The stock traded as low as GBX 0.20 ($0.00) and last traded at GBX 83 ($1.03), with a volume of 1647762 shares trading hands. The stock had previously closed at GBX 82.20 ($1.02).

Cordiant Digital Infrastructure Stock Performance

The firm has a market cap of £635.55 million, a P/E ratio of 830.00 and a beta of 0.67. The stock’s 50 day moving average is GBX 89.76 and its two-hundred day moving average is GBX 84.74. The company has a debt-to-equity ratio of 17.12, a current ratio of 0.48 and a quick ratio of 141.92.

Cordiant Digital Infrastructure Cuts Dividend

The firm also recently announced a dividend, which was paid on Friday, December 20th. Investors of record on Thursday, December 5th were paid a GBX 2.10 ($0.03) dividend. The ex-dividend date was Thursday, December 5th. This represents a yield of 2.47%. Cordiant Digital Infrastructure’s payout ratio is currently 4,000.00%.

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.