Cordiant Digital Infrastructure (LON:CORD) Sets New 52-Week Low – Time to Sell?

Cordiant Digital Infrastructure (LON:CORD)’s stock price hit a new 52-week low during mid-day trading on Tuesday . The company traded as low as GBX 0.20 ($0.00) and last traded at GBX 83 ($1.03), with a volume of 1647762 shares changing hands. The stock had previously closed at GBX 82.20 ($1.02).

Cordiant Digital Infrastructure Stock Up 1.0 %

The business’s 50 day simple moving average is GBX 89.76 and its 200-day simple moving average is GBX 84.74. The company has a market cap of £635.55 million, a price-to-earnings ratio of 830.00 and a beta of 0.67. The company has a debt-to-equity ratio of 17.12, a quick ratio of 141.92 and a current ratio of 0.48.

Cordiant Digital Infrastructure Cuts Dividend

The business also recently announced a dividend, which was paid on Friday, December 20th. Shareholders of record on Thursday, December 5th were paid a dividend of GBX 2.10 ($0.03) per share. This represents a dividend yield of 2.47%. The ex-dividend date of this dividend was Thursday, December 5th. Cordiant Digital Infrastructure’s dividend payout ratio (DPR) is currently 4,000.00%.

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.