Cordiant Digital Infrastructure (LON:CORD) Hits New 12-Month Low – Here’s Why

Shares of Cordiant Digital Infrastructure (LON:CORDGet Free Report) reached a new 52-week low during trading on Wednesday . The stock traded as low as GBX 0.20 ($0.00) and last traded at GBX 91.20 ($1.12), with a volume of 780220 shares trading hands. The stock had previously closed at GBX 90 ($1.10).

Cordiant Digital Infrastructure Price Performance

The company has a quick ratio of 141.92, a current ratio of 0.48 and a debt-to-equity ratio of 17.12. The stock’s 50 day moving average price is GBX 89.17 and its two-hundred day moving average price is GBX 83.81. The stock has a market cap of £690.68 million, a price-to-earnings ratio of 902.00 and a beta of 0.67.

Cordiant Digital Infrastructure Cuts Dividend

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

About Cordiant Digital Infrastructure

(Get Free Report)

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.

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