Cordiant Digital Infrastructure (LON:CORD) Stock Price Up 0.4% – Time to Buy?

Cordiant Digital Infrastructure (LON:CORD)’s stock price was up 0.4% during trading on Tuesday. The stock traded as high as GBX 127 and last traded at GBX 126.50. Approximately 817,748 shares traded hands during trading, a decline of 61% from the average session volume of 2,108,814 shares. The stock had previously closed at GBX 126.

Cordiant Digital Infrastructure Price Performance

The firm has a 50 day moving average of GBX 123.88 and a two-hundred day moving average of GBX 118.14. The stock has a market capitalization of £957.15 million, a PE ratio of 6.01 and a beta of 0.81. 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

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.