Cordiant Digital Infrastructure (LON:CORD) Reaches New 12-Month High - Time to Buy?

Key Points

• Cordiant Digital Infrastructure has reached a new 52-week high, trading as high as GBX 102 ($1.36), with a recent closing price of GBX 100 ($1.34).
• Insider buying activity includes Simon Pitcher purchasing 26,875 shares at GBX 101 and Sian Hill acquiring 15,211 shares at GBX 99, indicating confidence in the company's stock.
• The company primarily invests in digital infrastructure such as data centers and fiber-optic networks across Europe and North America.

Cordiant Digital Infrastructure (LON:CORD - Get Free Report) hit a new 52-week high during mid-day trading on Thursday . The company traded as high as GBX 102 ($1.37) and last traded at GBX 100 ($1.34), with a volume of 1264188 shares traded. The stock had previously closed at GBX 96.80 ($1.30).

Cordiant Digital Infrastructure Stock Up 0.7%

The firm has a market capitalization of £762.26 million, a price-to-earnings ratio of 0.91 and a beta of 0.67. The stock has a 50 day moving average of GBX 95.28 and a 200 day moving average of GBX 88.90. The company has a quick ratio of 141.92, a current ratio of 0.54 and a debt-to-equity ratio of 17.12.

Insider Buying and Selling

In related news, insider Simon Pitcher purchased 26,875 shares of the company's stock in a transaction on Thursday, June 19th. The shares were bought at an average price of GBX 101 ($1.36) per share, with a total value of £27,143.75 ($36,493.34). Also, insider Sian Hill bought 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 ($20,245.89). Corporate insiders own 1.64% of the company's stock.

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.