Cordiant Digital Infrastructure (LON:CORD) Shares Up 1.9% - What's Next?

Key Points

• Shares rose 1.9% to GBX 105.50 on Friday (intraday high GBX 106) with ~476,299 shares traded, a 61% decline from the average daily volume of 1,235,238.
• The firm has a market cap of £807.83 million and a PE ratio of 5.27; its 50-day and 200-day moving averages are GBX 104.40 and GBX 102.69, respectively, with a beta of 0.80.
• Insider Marten Pieters purchased 20,000 shares at GBX 104 on January 30 (≈£20,800) and insiders own 0.06%; Cordiant invests in data centres, fibre networks and towers across Europe and North America and has raised about £795m equity plus a €200m Eurobond to fund six acquisitions.

Cordiant Digital Infrastructure (LON:CORD - )'s stock price was up 1.9% on Friday . The company traded as high as GBX 106 and last traded at GBX 105.50. Approximately 476,299 shares changed hands during trading, a decline of 61% from the average daily volume of 1,235,238 shares. The stock had previously closed at GBX 103.50.

Cordiant Digital Infrastructure Stock Performance

The stock's fifty day moving average price is GBX 104.40 and its 200-day moving average price is GBX 102.69. The firm has a market cap of £807.83 million, a PE ratio of 5.27 and a beta of 0.80.

Insiders Place Their Bets

In related news, insider Marten Pieters purchased 20,000 shares of Cordiant Digital Infrastructure stock in a transaction dated Friday, January 30th. The stock was bought at an average cost of GBX 104 per share, for a total transaction of £20,800. Insiders own 0.06% 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. 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.

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