Cordiant Digital Infrastructure (LON:CORD) Reaches New 52-Week Low - Here's What Happened

Cordiant Digital Infrastructure (LON:CORD - Get Free Report) shares reached a new 52-week low during trading on Tuesday . The company traded as low as GBX 0.20 ($0.00) and last traded at GBX 94 ($1.26), with a volume of 548227 shares changing hands. The stock had previously closed at GBX 94.80 ($1.27).

Cordiant Digital Infrastructure Stock Up 1.5%

The firm has a 50-day moving average price of GBX 93.74 and a two-hundred day moving average price of GBX 88.46. The company has a debt-to-equity ratio of 17.12, a quick ratio of 141.92 and a current ratio of 0.54. The firm has a market cap of £738.37 million, a price-to-earnings ratio of 0.88 and a beta of 0.67.

Insiders Place Their Bets

In other news, insider Simon Pitcher bought 26,875 shares of the firm's stock in a transaction that occurred on Thursday, June 19th. The stock was purchased at an average cost of GBX 101 ($1.36) per share, with a total value of £27,143.75 ($36,478.63). Also, insider Sian Hill purchased 15,211 shares of the business's stock in a transaction on Thursday, June 19th. The shares were purchased at an average cost of GBX 99 ($1.33) per share, for a total transaction of £15,058.89 ($20,237.72). 1.64% of the stock is owned by 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.