Cordiant Digital Infrastructure (LON:CORD) Hits New 1-Year High - What's Next?

Key Points

• New 52-week high: Cordiant's shares reached GBX 110.50 (last at GBX 109.96) on Monday with volume of 796,587, and the stock has a market cap of £842.6m, a P/E of 5.50 and 50-/200-day SMAs near GBX 105/103.
• Insiders buying: Marten Pieters purchased 20,000 shares at GBX 104 and Sian Hill bought 10,000 at GBX 105; insiders bought 53,753 shares in the past three months valued at $5,624,065, while corporate insiders own 0.06% of the stock.
• Business and funding: Cordiant invests in data centres, fibre networks and telecom towers across Europe and North America and has raised ~£795m equity plus a €200m Eurobond to fund six acquisitions under its Buy, Build & Grow strategy.

Cordiant Digital Infrastructure (LON:CORD - )'s share price reached a new 52-week high during trading on Monday . The stock traded as high as GBX 110.50 and last traded at GBX 109.96, with a volume of 796587 shares. The stock had previously closed at GBX 110.

Cordiant Digital Infrastructure Stock Up 0.0%

The company has a fifty day simple moving average of GBX 105.22 and a 200 day simple moving average of GBX 103.48. The firm has a market capitalization of £842.60 million, a P/E ratio of 5.50 and a beta of 0.80.

Insiders Place Their Bets

In related news, insider Marten Pieters bought 20,000 shares of the company's stock in a transaction on Friday, January 30th. The shares were acquired at an average cost of GBX 104 per share, with a total value of £20,800. Also, insider Sian Hill bought 10,000 shares of the company's stock in a transaction on Monday, April 13th. The stock was bought at an average cost of GBX 105 per share, for a total transaction of £10,500. Over the last three months, insiders have purchased 53,753 shares of company stock valued at $5,624,065. 0.06% of the stock is currently owned by corporate 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.

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