Cordiant Digital Infrastructure (LON:CORD) Hits New 1-Year Low – Here’s Why

Cordiant Digital Infrastructure (LON:CORD)’s stock price reached 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 trading hands. The stock had previously closed at GBX 103.

Cordiant Digital Infrastructure Stock Performance

The company’s fifty day moving average price is GBX 105.47 and its two-hundred day moving average price is GBX 100.47. 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 company has a market cap of £788.69 million, a price-to-earnings ratio of 5.14 and a beta of 0.67.

Insider Activity 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 dated Friday, January 30th. The shares were bought at an average price of GBX 104 per share, for a total transaction of £20,800. Insiders own 0.06% of the company’s stock.

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.