Cordiant Digital Infrastructure (LON:CORD) Sets New 12-Month Low – Time to Sell?

Cordiant Digital Infrastructure (LON:CORD) shares hit a new 52-week low during trading on Monday . The company traded as low as GBX 0.20 ($0.00) and last traded at GBX 92.20 ($1.17), with a volume of 18931289 shares trading hands. The stock had previously closed at GBX 90.97 ($1.16).

Cordiant Digital Infrastructure Trading Up 1.3 %

The business’s 50-day moving average price is GBX 87.52 and its 200 day moving average price is GBX 80.43. The company has a debt-to-equity ratio of 17.12, a quick ratio of 141.92 and a current ratio of 0.48. The company has a market cap of £705.99 million, a P/E ratio of 927.81 and a beta of 0.67.

Cordiant Digital Infrastructure Cuts Dividend

The firm also recently disclosed a dividend, which will be paid on Friday, December 20th. Shareholders of record on Thursday, December 5th will be paid a GBX 2.10 ($0.03) dividend. This represents a yield of 2.47%. The ex-dividend date is Thursday, December 5th. Cordiant Digital Infrastructure’s dividend payout ratio (DPR) is 4,000.00%.

About Cordiant Digital Infrastructure

Cordiant Digital Infrastructure Limited is an infrastructure investment fund specializes in investments in buy & build, capital expenditure and bolt-on acquisitions and digital infrastructure assets in the middle-market. It focuses on investing in companies operating in data and cloud centers, mobile telecommunications/ broadcast towers, distributed sensor networks and fibre-optic network assets businesses.