Cordiant Digital Infrastructure (LON:CORD) Stock Price Down 0.3% – Here’s Why

Cordiant Digital Infrastructure (LON:CORD) dropped 0.3% during mid-day trading on Friday . The stock traded as low as GBX 105 and last traded at GBX 105.20. Approximately 402,491 shares were traded during mid-day trading, a decline of 70% from the average daily volume of 1,339,784 shares. The stock had previously closed at GBX 105.50.

Cordiant Digital Infrastructure Trading Down 0.3%

The firm has a market capitalization of £805.55 million, a PE ratio of 5.25 and a beta of 0.80. The firm has a 50 day simple moving average of GBX 105.75 and a 200 day simple moving average of GBX 102.

Insider Activity

In other news, insider Marten Pieters acquired 20,000 shares of Cordiant Digital Infrastructure stock in a transaction that occurred on Friday, January 30th. The stock was bought at an average price of GBX 104 per share, for a total transaction of £20,800. 0.06% of the stock is currently owned by insiders.

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. 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.