Cordiant Digital Infrastructure (LON:CORD) Hits New 52-Week Low - Time to Sell?

Key Points

• Cordiant Digital Infrastructure shares reached a new 52-week low during trading, falling to GBX 0.20, before closing at GBX 99.
• The company's market capitalization is £763.04 million with a significant debt-to-equity ratio of 17.12, indicating a considerable level of debt relative to its equity.
• Insider activity includes notable purchases, with two insiders buying a total of 42,086 shares at around GBX 99 to GBX 101 per share.

Cordiant Digital Infrastructure (LON:CORD - ) shares hit a new 52-week low during mid-day trading on Tuesday . The stock traded as low as GBX 0.20 ($0.00) and last traded at GBX 99 ($1.33), with a volume of 1480648 shares trading hands. The stock had previously closed at GBX 100 ($1.34).

Cordiant Digital Infrastructure Stock Performance

The company has a 50-day moving average of GBX 95.43 and a 200 day moving average of GBX 88.98. The company has a quick ratio of 141.92, a current ratio of 0.54 and a debt-to-equity ratio of 17.12. The firm has a market capitalization of £763.04 million, a PE ratio of 0.91 and a beta of 0.67.

Insider Buying and Selling

In other Cordiant Digital Infrastructure news, insider Sian Hill purchased 15,211 shares of the stock in a transaction on Thursday, June 19th. The stock was acquired at an average price of GBX 99 ($1.33) per share, with a total value of £15,058.89 ($20,226.85). Also, insider Simon Pitcher bought 26,875 shares of the firm's stock in a transaction dated 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 ($36,459.03). 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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