Cordiant Digital Infrastructure (LON:CORD) Hits New 52-Week High - Should You 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 - )'s share price reached a new 52-week high on Thursday . The stock traded as high as GBX 102 ($1.36) and last traded at GBX 100 ($1.34), with a volume of 1264188 shares changing hands. The stock had previously closed at GBX 96.80 ($1.29).

Cordiant Digital Infrastructure Stock Up 3.3%

The company has a debt-to-equity ratio of 17.12, a current ratio of 0.54 and a quick ratio of 141.92. The firm has a 50-day moving average price of GBX 95.02 and a 200 day moving average price of GBX 88.79. The company has a market cap of £770.74 million, a price-to-earnings ratio of 0.92 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 on Thursday, June 19th. The shares were purchased at an average cost of GBX 101 ($1.35) per share, with a total value of £27,143.75 ($36,259.35). Also, insider Sian Hill bought 15,211 shares of Cordiant Digital Infrastructure stock in a transaction on Thursday, June 19th. The stock was acquired at an average cost of GBX 99 ($1.32) per share, for a total transaction of £15,058.89 ($20,116.07). 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.

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