Cordiant Digital Infrastructure (LON:CORD) Sets New 52-Week High – Here’s What Happened

Cordiant Digital Infrastructure (LON:CORD) hit a new 52-week high on Wednesday . The company traded as high as GBX 120 and last traded at GBX 120, with a volume of 1107804 shares changing hands. The stock had previously closed at GBX 119.

Cordiant Digital Infrastructure Price Performance

The stock’s 50 day simple moving average is GBX 109.70 and its two-hundred day simple moving average is GBX 106.18. The firm has a market cap of £930.35 million, a P/E ratio of 6.07 and a beta of 0.61.

Insider Buying and Selling at Cordiant Digital Infrastructure

In other Cordiant Digital Infrastructure news, insider Shonaid Jemmett- Page bought 23,753 shares of the firm’s stock in a transaction on Monday, April 13th. The stock was acquired at an average price of GBX 105 per share, with a total value of £24,940.65. Also, insider Sian Hill bought 10,000 shares of the firm’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. Over the last quarter, insiders acquired 43,753 shares of company stock valued at $4,644,065. Corporate insiders own 0.06% of the company’s stock.

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.