Cordiant Digital Infrastructure (LON:CORD) Reaches New 1-Year High - What's Next?

Key Points

• Cordiant Digital Infrastructure hit a new 52-week high of GBX 119 (last at GBX 117.65) with a 50‑day SMA of GBX 106.13 and 200‑day SMA of GBX 104.03; the company has a market cap of £900.75m and a PE ratio of 5.88.
• Significant insider buying occurred on April 13 (Shonaid Jemmett‑Page 23,753 shares; Sian Hill 10,000 shares), with insiders acquiring 43,753 shares in the last quarter valued at about $4.64m and owning 0.06% of the stock.
• Cordiant is a specialist owner/operator of digital infrastructure (data centres, fibre and towers) that has raised £795m of equity plus a €200m Eurobond to fund six acquisitions under its Buy, Build & Grow strategy.

Cordiant Digital Infrastructure (LON:CORD - ) reached a new 52-week high during mid-day trading on Tuesday . The company traded as high as GBX 119 and last traded at GBX 117.65, with a volume of 10066 shares. The stock had previously closed at GBX 117.50.

Cordiant Digital Infrastructure Price Performance

The stock's fifty day simple moving average is GBX 106.13 and its 200-day simple moving average is GBX 104.03. The firm has a market cap of £900.75 million, a PE ratio of 5.88 and a beta of 0.55.

Insiders Place Their Bets

In other Cordiant Digital Infrastructure news, insider Shonaid Jemmett- Page bought 23,753 shares of Cordiant Digital Infrastructure stock in a transaction that occurred on Monday, April 13th. The stock was purchased at an average price of GBX 105 per share, with a total value of £24,940.65. Also, insider Sian Hill bought 10,000 shares of the firm's stock in a transaction that occurred on Monday, April 13th. The shares were acquired at an average price of GBX 105 per share, with a total value of £10,500. Over the last quarter, insiders purchased 43,753 shares of company stock valued at $4,644,065. Insiders own 0.06% 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. In total, the Company has successfully raised £795 million in equity, along with a debt package that includes a €200m Eurobond with a consortium of blue-chip institutions; deploying the proceeds into six acquisitions: CRA, Hudson, Emitel, Speed Fibre, Belgian Tower Company, and DCU which together offer stable, often index-linked income, and the opportunity for growth, in line with the Company's Buy, Build & Grow model.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.