Cordiant Digital Infrastructure (LON:CORD) Shares Up 0.6% - Here's What Happened

Key Points

• Cordiant Digital Infrastructure shares increased by 0.6%, reaching a last traded price of GBX 97.40 ($1.31) on Tuesday, despite a notable drop in trading volume.
• Insider Marten Pieters purchased 25,000 shares at an average price of GBX 96 each, indicating confidence in the company's future performance.
• The company focuses on investing in digital infrastructure, including data centres and communication networks, across Europe and North America, with a market cap of £745.81 million.

Cordiant Digital Infrastructure (LON:CORD - )'s stock price rose 0.6% during trading on Tuesday . The stock traded as high as GBX 98.20 ($1.32) and last traded at GBX 97.40 ($1.31). Approximately 481,200 shares changed hands during trading, a decline of 59% from the average daily volume of 1,163,086 shares. The stock had previously closed at GBX 96.80 ($1.30).

Cordiant Digital Infrastructure Stock Up 0.6%

The stock has a 50 day moving average price of GBX 96.98 and a 200 day moving average price of GBX 91.79. The company 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 debt-to-equity ratio of 17.12, a quick ratio of 141.92 and a current ratio of 0.54.

Insider Buying and Selling

In other news, insider Marten Pieters acquired 25,000 shares of the firm's stock in a transaction that occurred on Monday, September 8th. The stock was purchased at an average price of GBX 96 per share, with a total value of £24,000. Corporate insiders own 0.05% 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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