Cordiant Digital Infrastructure (LON:CORD) Hits New 1-Year High – What’s Next?

Cordiant Digital Infrastructure (LON:CORD) reached a new 52-week high during trading on Monday . The stock traded as high as GBX 106 and last traded at GBX 105.55, with a volume of 122934 shares changing hands. The stock had previously closed at GBX 103.50.

Cordiant Digital Infrastructure Stock Performance

The company has a debt-to-equity ratio of 17.12, a quick ratio of 141.92 and a current ratio of 0.54. The company’s fifty day simple moving average is GBX 100.02 and its two-hundred day simple moving average is GBX 97.67. The stock has a market capitalization of £796.68 million, a P/E ratio of 5.20 and a beta of 0.67.

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.