Cordiant Digital Infrastructure (LON:CORD) Reaches New 12-Month High – Should You Buy?

Shares of Cordiant Digital Infrastructure (LON:CORD) hit a new 52-week high during mid-day trading on Tuesday . The company traded as high as GBX 124 and last traded at GBX 123, with a volume of 4141290 shares traded. The stock had previously closed at GBX 122.50.

Cordiant Digital Infrastructure Price Performance

The stock has a market capitalization of £941.83 million, a PE ratio of 6.14 and a beta of 0.61. The stock’s 50 day simple moving average is GBX 111 and its two-hundred day simple moving average is GBX 106.84.

Insider Buying and Selling at Cordiant Digital Infrastructure

In related news, insider Simon Pitcher bought 10,000 shares of the company’s stock in a transaction on Monday, April 27th. The shares were purchased at an average cost of GBX 110 per share, for a total transaction of £11,000. Also, insider Shonaid Jemmett- Page purchased 23,753 shares of the company’s stock in a transaction that occurred on Monday, April 13th. The shares were acquired at an average price of GBX 105 per share, for a total transaction of £24,940.65. Insiders have purchased a total of 43,753 shares of company stock worth $4,644,065 over the last three months. 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.