Cordiant Digital Infrastructure (LON:CORD) Sets New 1-Year Low – Here’s What Happened

Shares of 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 89.40 ($1.12), with a volume of 385515 shares. The stock had previously closed at GBX 89.60 ($1.12).

Cordiant Digital Infrastructure Stock Performance

The firm has a fifty day moving average price of GBX 88.81 and a 200 day moving average price of GBX 83.12. 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 stock has a market cap of £684.55 million, a PE ratio of 894.00 and a beta of 0.67.

Cordiant Digital Infrastructure Cuts Dividend

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