Cordiant Digital Infrastructure (LON:CORD) Sets New 52-Week Low - Here's Why

Key Points

• Cordiant Digital Infrastructure reached a new 52-week low of GBX 0.20 ($0.00) before trading at GBX 97.40 ($1.31) with a trading volume of 481,200 shares.
• Insider Marten Pieters purchased 25,000 shares at an average price of GBX 96, totaling £24,000, but only 0.05% of shares are owned by insiders.
• The company, which invests in digital infrastructure like data centres and fibre-optic networks in Europe and North America, has a market cap of £745.81 million.

Cordiant Digital Infrastructure (LON:CORD - )'s share price reached a new 52-week low on Tuesday . The stock traded as low as GBX 0.20 ($0.00) and last traded at GBX 97.40 ($1.31), with a volume of 481200 shares trading hands. The stock had previously closed at GBX 96.80 ($1.30).

Cordiant Digital Infrastructure Stock Up 0.6%

The stock has a market cap of £745.81 million, a P/E ratio of 708.88 and a beta of 0.67. 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 company's 50 day moving average price is GBX 96.91 and its two-hundred day moving average price is GBX 91.75.

Insider Buying and Selling at Cordiant Digital Infrastructure

In related news, insider Marten Pieters acquired 25,000 shares of the company's stock in a transaction dated Monday, September 8th. The shares were purchased at an average cost of GBX 96 per share, with a total value 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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