Cordiant Digital Infrastructure (LON:CORD) Hits New 12-Month Low - What's Next?

Key Points

• Cordiant Digital Infrastructure stock hit a new 52-week low, trading as low as GBX 0.20, before closing at GBX 96.
• The company has a current market cap of £732.02 million and a very high P/E ratio of 695.78, indicating potential concerns about valuation.
• Insiders have purchased a significant amount of stock, with over 67,000 shares bought in the last 90 days, suggesting confidence in the company's future.

Cordiant Digital Infrastructure (LON:CORD - Get Free Report) shares hit a new 52-week low during trading on Friday . The company traded as low as GBX 0.20 ($0.00) and last traded at GBX 95.60 ($1.30), with a volume of 780907 shares trading hands. The stock had previously closed at GBX 96 ($1.31).

Cordiant Digital Infrastructure Price Performance

The stock has a market cap of £719.77 million, a PE ratio of 684.13 and a beta of 0.67. 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 business has a fifty day moving average of GBX 96.44 and a 200 day moving average of GBX 91.06.

Insider Transactions at Cordiant Digital Infrastructure

In other Cordiant Digital Infrastructure news, insider Sian Hill acquired 15,211 shares of the firm's stock in a transaction that occurred on Thursday, June 19th. The stock was acquired at an average cost of GBX 99 per share, with a total value of £15,058.89. Also, insider Simon Pitcher acquired 26,875 shares of the firm's stock in a transaction that occurred on Thursday, June 19th. The stock was acquired at an average cost of GBX 101 per share, with a total value of £27,143.75. In the last ninety days, insiders have purchased 67,086 shares of company stock worth $6,620,264. 0.05% of the stock is currently owned by company 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.