Cordiant Digital Infrastructure (LON:CORD) Stock Price Down 0.4% - Time to Sell?

Key Points

• Cordiant Digital Infrastructure saw its stock price decrease by 0.4%, trading at GBX 99.40 ($1.34) with a market cap of £766.12 million.
• Insiders purchased shares on June 19th, with Simon Pitcher buying 26,875 shares at GBX 101 each, and Sian Hill acquiring 15,211 shares at GBX 99.
• The company focuses on investing in core digital infrastructure, including data centres, fibre-optic networks, and telecommunications across Europe and North America.

Cordiant Digital Infrastructure (LON:CORD - Get Free Report)'s stock price dropped 0.4% on Wednesday . The stock traded as low as GBX 99.40 ($1.34) and last traded at GBX 99.40 ($1.34). Approximately 1,474,199 shares were traded during trading, an increase of 21% from the average daily volume of 1,216,502 shares. The stock had previously closed at GBX 99.80 ($1.35).

Cordiant Digital Infrastructure Stock Down 0.6%

The firm has a market cap of £761.49 million, a PE ratio of 0.91 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. The firm's 50-day moving average price is GBX 97.03 and its two-hundred day moving average price is GBX 90.14.

Insider Activity at Cordiant Digital Infrastructure

In related news, insider Simon Pitcher acquired 26,875 shares of Cordiant Digital Infrastructure stock in a transaction dated Thursday, June 19th. The stock was acquired at an average price of GBX 101 per share, for a total transaction of £27,143.75. Also, insider Sian Hill acquired 15,211 shares of Cordiant Digital Infrastructure stock in a transaction dated Thursday, June 19th. The shares were bought at an average price of GBX 99 per share, with a total value of £15,058.89. 1.64% of the stock is currently owned by insiders.

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.