Cordiant Digital Infrastructure (LON:CORD) Shares Climb 1.3% – Time to Buy?

Shares of Cordiant Digital Infrastructure (LON:CORD) shot up 1.3% on Wednesday. The stock traded as high as GBX 119.50 and last traded at GBX 119. 846,916 shares changed hands during mid-day trading, a decline of 58% from the average session volume of 2,020,347 shares. The stock had previously closed at GBX 117.50.

Cordiant Digital Infrastructure Stock Performance

The company has a debt-to-equity ratio of 15.87, a current ratio of 0.12 and a quick ratio of 141.92. The stock has a market capitalization of £911.20 million, a price-to-earnings ratio of 5.72 and a beta of 0.79. The stock has a 50-day moving average of GBX 123.27 and a 200 day moving average of GBX 119.72.

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.