Cordiant Digital Infrastructure (LON:CORD) Sets New 12-Month High – Here’s What Happened

Cordiant Digital Infrastructure (LON:CORD) reached a new 52-week high on Monday . The company traded as high as GBX 125 and last traded at GBX 124.22, with a volume of 784576 shares traded. The stock had previously closed at GBX 123.50.

Cordiant Digital Infrastructure Price Performance

The firm has a 50-day moving average of GBX 114.44 and a 200-day moving average of GBX 108.35. The stock has a market cap of £951.17 million, a PE ratio of 6.20 and a beta of 0.62. The company has a debt-to-equity ratio of 15.22, a current ratio of 0.06 and a quick ratio of 141.92.

Insiders Place Their Bets

In related news, insider Shonaid Jemmett- Page acquired 23,753 shares of the business’s 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. Also, insider Simon Pitcher acquired 10,000 shares of Cordiant Digital Infrastructure stock in a transaction dated Monday, April 27th. The shares were bought at an average price of GBX 110 per share, for a total transaction of £11,000. Insiders acquired 43,753 shares of company stock worth $4,644,065 in the last three months. 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.