Cordiant Digital Infrastructure (LON:CORD) Stock Jumps 1.3% – Here’s Why

Cordiant Digital Infrastructure (LON:CORD – Get Free Report)’s share price was up 1.3% during trading on Wednesday. The stock traded as high as GBX 119.50 and last traded at GBX 119. 846,916 shares changed hands during trading, a decline of 58% from the average daily volume of 2,020,347 shares. The stock had previously closed at GBX 117.50.

Cordiant Digital Infrastructure Trading Up 1.3%

The firm has a market cap of £911.20 million, a P/E ratio of 5.72 and a beta of 0.79. The company’s fifty day moving average price is GBX 123.27 and its two-hundred day moving average price is GBX 119.72. The company has a current ratio of 0.12, a quick ratio of 141.92 and a debt-to-equity ratio of 15.87.

Cordiant Digital Infrastructure Company Profile

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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.

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