Cordiant Digital Infrastructure (LON:CORD) Hits New 12-Month Low – What’s Next?

Cordiant Digital Infrastructure (LON:CORD) hit a new 52-week low during mid-day trading on Wednesday . The company traded as low as GBX 0.20 ($0.00) and last traded at GBX 84 ($1.05), with a volume of 2536271 shares changing hands. The stock had previously closed at GBX 84.60 ($1.05).

Cordiant Digital Infrastructure Stock Down 0.7 %

The stock has a 50 day moving average price of GBX 89.78 and a 200 day moving average price of GBX 84.46. The company has a market cap of £643.20 million, a P/E ratio of 840.00 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 firm also recently declared a dividend, which was paid on Friday, December 20th. Shareholders of record on Thursday, December 5th were issued a GBX 2.10 ($0.03) dividend. This represents a yield of 2.47%. The ex-dividend date of this dividend was Thursday, December 5th. Cordiant Digital Infrastructure’s payout ratio is 4,000.00%.

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.