Digital 9 Infrastructure (LON:DGI9) Sets New 1-Year Low - Should You Sell?

Digital 9 Infrastructure (LON:DGI9 - Get Free Report)'s stock price reached a new 52-week low on Tuesday . The stock traded as low as GBX 8.07 ($0.11) and last traded at GBX 8.43 ($0.11), with a volume of 1081444 shares trading hands. The stock had previously closed at GBX 8.40 ($0.11).

Digital 9 Infrastructure Stock Down 0.1 %

The firm has a market capitalization of £65.04 million and a P/E ratio of -0.14. The company's 50 day moving average is GBX 8.77 and its 200-day moving average is GBX 13.01.

Insider Activity

In other Digital 9 Infrastructure news, insider Andrew Zychowski acquired 450,000 shares of the company's stock in a transaction on Friday, May 2nd. The shares were purchased at an average cost of GBX 8 ($0.11) per share, with a total value of £36,000 ($47,770.70). 0.27% of the stock is currently owned by company insiders.

Digital 9 Infrastructure Company Profile

As announced on 29 January 2024, following the completion of a Strategic Review, the Board has determined that it would be in the best interests of shareholders as a whole to put forward a proposal for a managed wind-down of the Company. The proposal was approved by the shareholders on 25 March 2024 (99.89% of votes in favour). As announced on 11 October 2024, InfraRed has been appointed as the Company's investment manager and AIFM.