Cordiant Digital Infrastructure (LON:CORD) Reaches New 12-Month High – Still a Buy?

Cordiant Digital Infrastructure (LON:CORD) hit a new 52-week high on Monday . The stock traded as high as GBX 125 and last traded at GBX 124.22, with a volume of 784576 shares trading hands. The stock had previously closed at GBX 123.50.

Cordiant Digital Infrastructure Stock Performance

The firm has a market cap of £938.00 million, a P/E ratio of 6.12 and a beta of 0.62. The company has a current ratio of 0.06, a quick ratio of 141.92 and a debt-to-equity ratio of 15.22. The company’s 50-day moving average is GBX 115.30 and its two-hundred day moving average is GBX 108.64.

Insider Activity at Cordiant Digital Infrastructure

In other Cordiant Digital Infrastructure news, insider Shonaid Jemmett- Page purchased 23,753 shares of the company’s stock in a transaction that occurred on Monday, April 13th. The shares were acquired at an average price of GBX 105 per share, with a total value of £24,940.65. Also, insider Simon Pitcher purchased 10,000 shares of the company’s stock in a transaction that occurred on Monday, April 27th. The stock was acquired at an average cost of GBX 110 per share, for a total transaction of £11,000. In the last quarter, insiders have acquired 43,753 shares of company stock valued at $4,644,065. 0.06% of the stock is owned by corporate 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. 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.