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

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 - ) reached 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. The stock had previously closed at GBX 96 ($1.30).

Cordiant Digital Infrastructure Stock Performance

The company has a market cap of £732.02 million, a P/E ratio of 695.78 and a beta of 0.67. The business's 50 day simple moving average is GBX 96.48 and its 200 day simple moving average is GBX 90.87. The company has a current ratio of 0.54, a quick ratio of 141.92 and a debt-to-equity ratio of 17.12.

Insiders Place Their Bets

In other news, insider Marten Pieters bought 25,000 shares of the firm's stock in a transaction on Monday, September 8th. The shares were bought at an average price of GBX 96 per share, for a total transaction of £24,000. Also, 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 price of GBX 101 per share, for a total transaction of £27,143.75. In the last 90 days, insiders have bought 67,086 shares of company stock worth $6,620,264. Company insiders own 0.05% of the company's stock.

About Cordiant Digital Infrastructure

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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