Cordiant Digital Infrastructure (LON:CORD) Reaches New 52-Week Low - Should You Sell?

Key Points

• Cordiant Digital Infrastructure shares reached a new 52-week low during trading on Monday, dropping to GBX 0.20 ($0.00), with the last trading price at GBX 96.80 ($1.29).
• The company has a market cap of £746.08 million and exhibits a low PE ratio of 0.89, indicating potential concerns regarding profitability.
• Insider transactions were reported, with two insiders acquiring shares at prices of GBX 101 and GBX 99, suggesting confidence from company executives despite the recent stock decline.

Cordiant Digital Infrastructure (LON:CORD - ) shares hit a new 52-week low during mid-day trading on Monday . The company traded as low as GBX 0.20 ($0.00) and last traded at GBX 96.80 ($1.29), with a volume of 543291 shares. The stock had previously closed at GBX 96 ($1.27).

Cordiant Digital Infrastructure Price Performance

The business has a fifty day moving average of GBX 94.63 and a 200-day moving average of GBX 88.65. The firm has a market cap of £746.08 million, a PE ratio of 0.89 and a beta of 0.67. The company has a current ratio of 0.54, a quick ratio of 141.92 and a debt-to-equity ratio of 17.12.

Insider Transactions at Cordiant Digital Infrastructure

In related news, insider Simon Pitcher acquired 26,875 shares of the company's stock in a transaction that occurred on Thursday, June 19th. The shares were acquired at an average price of GBX 101 ($1.34) per share, with a total value of £27,143.75 ($36,042.69). Also, insider Sian Hill acquired 15,211 shares of the company's stock in a transaction that occurred on Thursday, June 19th. The shares were bought at an average cost of GBX 99 ($1.31) per share, for a total transaction of £15,058.89 ($19,995.87). Corporate insiders own 1.64% 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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.