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

Cordiant Digital Infrastructure (LON:CORD) shares reached a new 52-week high during trading on Monday . The company traded as high as GBX 106 and last traded at GBX 105.85, with a volume of 96546 shares trading hands. The stock had previously closed at GBX 106.

Cordiant Digital Infrastructure Stock Performance

The company has a quick ratio of 141.92, a current ratio of 0.54 and a debt-to-equity ratio of 17.12. The stock has a market capitalization of £811.66 million, a P/E ratio of 5.29 and a beta of 0.67. The company has a fifty day simple moving average of GBX 100.85 and a two-hundred day simple moving average of GBX 98.17.

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.