Cordiant Digital Infrastructure (LON:CORD) Trading Down 2% – Time to Sell?

Cordiant Digital Infrastructure (LON:CORD) shares fell 2% during mid-day trading on Tuesday . The stock traded as low as GBX 122.62 and last traded at GBX 123. 745,400 shares traded hands during trading, a decline of 65% from the average daily volume of 2,148,653 shares. The stock had previously closed at GBX 125.50.

Cordiant Digital Infrastructure Price Performance

The company has a market capitalization of £949.49 million, a price-to-earnings ratio of 5.96 and a beta of 0.82. The company has a fifty day simple moving average of GBX 123.98 and a two-hundred day simple moving average of GBX 116.05. The company has a debt-to-equity ratio of 15.87, a quick ratio of 141.92 and a current ratio of 0.12.

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.