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

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

Cordiant Digital Infrastructure Stock Performance

The stock has a market capitalization of £941.83 million, a P/E ratio of 6.14 and a beta of 0.61. The business has a fifty day simple moving average of GBX 111 and a 200-day simple moving average of GBX 106.84.

Insider Buying and Selling at Cordiant Digital Infrastructure

In other Cordiant Digital Infrastructure news, insider Sian Hill acquired 10,000 shares of the stock in a transaction on Monday, April 13th. The shares were purchased at an average price of GBX 105 per share, for a total transaction of £10,500. Also, insider Shonaid Jemmett- Page acquired 23,753 shares of Cordiant Digital Infrastructure stock in a transaction dated Monday, April 13th. The shares were acquired at an average price of GBX 105 per share, with a total value of £24,940.65. In the last 90 days, insiders acquired 43,753 shares of company stock worth $4,644,065. 0.06% of the stock is owned by corporate insiders.

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.