Cordiant Digital Infrastructure (LON:CORD) Reaches New 12-Month High – What’s Next?

Cordiant Digital Infrastructure (LON:CORD) reached a new 52-week high during trading on Tuesday . The stock traded as high as GBX 109.50 and last traded at GBX 108.96, with a volume of 633552 shares changing hands. The stock had previously closed at GBX 108.

Cordiant Digital Infrastructure Stock Performance

The company has a market cap of £834.63 million, a price-to-earnings ratio of 5.44 and a beta of 0.80. The firm has a fifty day moving average price of GBX 104.72 and a 200 day moving average price of GBX 103.15.

Insider Activity

In related news, insider Shonaid Jemmett- Page acquired 23,753 shares of the business’s stock in a transaction dated Monday, April 13th. The stock was bought at an average price of GBX 105 per share, with a total value of £24,940.65. Also, insider Sian Hill purchased 10,000 shares of the business’s stock in a transaction on Monday, April 13th. The shares were acquired at an average cost of GBX 105 per share, with a total value of £10,500. In the last 90 days, insiders purchased 53,753 shares of company stock valued at $5,624,065. 0.06% of the stock is owned by insiders.

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.