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

Shares of Cordiant Digital Infrastructure (LON:CORD) reached a new 52-week high during trading on Monday . The company traded as high as GBX 124 and last traded at GBX 121.37, with a volume of 1404 shares. The stock had previously closed at GBX 122.50.

Cordiant Digital Infrastructure Stock Down 0.9%

The stock has a market cap of £929.31 million, a PE ratio of 6.06 and a beta of 0.61. The business’s fifty day moving average is GBX 112.47 and its 200 day moving average is GBX 107.51.

Insider Buying and Selling

In related news, insider Sian Hill acquired 10,000 shares of the firm’s stock in a transaction that occurred on Monday, April 13th. The shares were purchased at an average price of GBX 105 per share, with a total value of £10,500. Also, insider Simon Pitcher acquired 10,000 shares of the firm’s stock in a transaction that occurred on Monday, April 27th. The shares were bought at an average cost of GBX 110 per share, for a total transaction of £11,000. Over the last 90 days, insiders have purchased 43,753 shares of company stock valued at $4,644,065. Corporate insiders own 0.06% of the company’s stock.

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.