Cordiant Digital Infrastructure (LON:CORD) Sets New 52-Week High – Here’s Why

Cordiant Digital Infrastructure (LON:CORD)’s stock price hit a new 52-week high during mid-day trading on Monday . The stock traded as high as GBX 108.50 and last traded at GBX 107.44, with a volume of 50999 shares traded. The stock had previously closed at GBX 107.

Cordiant Digital Infrastructure Price Performance

The stock has a market cap of £820.28 million, a P/E ratio of 5.35 and a beta of 0.67. The business has a 50-day simple moving average of GBX 102.56 and a 200 day simple moving average of GBX 98.85. The company has a current ratio of 0.54, a quick ratio of 141.92 and a debt-to-equity ratio of 17.12.

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.