Cordiant Digital Infrastructure (LON:CORD) Hits New 12-Month Low – Here’s Why

Cordiant Digital Infrastructure (LON:CORD)’s share price reached a new 52-week low on Wednesday . The company traded as low as GBX 0.20 ($0.00) and last traded at GBX 83.20 ($1.10), with a volume of 285100 shares traded. The stock had previously closed at GBX 84.40 ($1.12).

Cordiant Digital Infrastructure Stock Down 1.4 %

The firm has a market cap of £641.26 million, a price-to-earnings ratio of 0.76 and a beta of 0.67. The firm has a 50-day moving average of GBX 85.65 and a two-hundred day moving average of GBX 87.30. The company has a current ratio of 0.54, a quick ratio of 141.92 and a debt-to-equity ratio of 17.12.

Insiders Place Their Bets

In related news, insider Marten Pieters bought 12,500 shares of Cordiant Digital Infrastructure stock in a transaction dated Tuesday, April 1st. The shares were bought at an average cost of GBX 86 ($1.14) per share, for a total transaction of £10,750 ($14,227.10). Corporate insiders own 1.64% of the company’s stock.

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.