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, trading as low as GBX 0.20, before slightly recovering to GBX 96.80, indicating a challenging market environment.
• The company has a debt-to-equity ratio of 17.12 and a P/E ratio of 704.51, highlighting potential financial vulnerabilities despite its significant market cap of £741.21 million.
• Insider Marten Pieters purchased 25,000 shares at an average cost of GBX 96 per share, suggesting some level of confidence in the company amidst current stock price fluctuations.

Shares of Cordiant Digital Infrastructure (LON:CORD - ) reached a new 52-week low during trading on Friday . The stock traded as low as GBX 0.20 ($0.00) and last traded at GBX 96.80 ($1.30), with a volume of 842342 shares. The stock had previously closed at GBX 98 ($1.32).

Cordiant Digital Infrastructure Trading Down 1.2%

The company has a debt-to-equity ratio of 17.12, a quick ratio of 141.92 and a current ratio of 0.54. The company's fifty day simple moving average is GBX 97.29 and its 200-day simple moving average is GBX 92.70. The company has a market capitalization of £741.21 million, a P/E ratio of 704.51 and a beta of 0.67.

Insider Buying and Selling

In related news, insider Marten Pieters bought 25,000 shares of the stock in a transaction that occurred on Monday, September 8th. The stock was bought at an average cost of GBX 96 per share, for a total transaction of £24,000. 0.05% of the stock is 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.

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