Digital 9 Infrastructure (LON:DGI9) Share Price Breaks Below 50-Day Moving Average – Time to Sell?

Digital 9 Infrastructure (LON:DGI9) crossed below its 50-day moving average during trading on Tuesday. The stock has a 50-day moving average of GBX 4.37 and traded as low as GBX 4.12. Digital 9 Infrastructure shares last traded at GBX 4.14, with a volume of 223,422 shares trading hands.

Digital 9 Infrastructure Price Performance

The firm has a market cap of £22.42 million and a P/E ratio of -0.17. The firm’s 50 day moving average is GBX 4.37 and its 200 day moving average is GBX 4.79.

About Digital 9 Infrastructure

As announced on 29 January 2024, following the completion of a Strategic Review, the Board has determined that it would be in the best interests of shareholders as a whole to put forward a proposal for a managed wind-down of the Company. The proposal was approved by the shareholders on 25 March 2024 (99.89% of votes in favour). As announced on 11 October 2024, InfraRed has been appointed as the Company’s investment manager and AIFM.