Cordiant Digital Infrastructure (LON:CORD) Hits New 52-Week Low – Here’s What Happened

Cordiant Digital Infrastructure (LON:CORD) shares hit a new 52-week low during trading on Monday . The stock traded as low as GBX 0.20 ($0.00) and last traded at GBX 91 ($1.16), with a volume of 646566 shares changing hands. The stock had previously closed at GBX 89.60 ($1.14).

Cordiant Digital Infrastructure Price Performance

The stock has a 50-day moving average price of GBX 86.86 and a two-hundred day moving average price of GBX 79.72. The company has a current ratio of 0.48, a quick ratio of 141.92 and a debt-to-equity ratio of 17.12. The stock has a market cap of £696.81 million, a price-to-earnings ratio of 909.52 and a beta of 0.67.

Cordiant Digital Infrastructure Cuts Dividend

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

Cordiant Digital Infrastructure Company Profile

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.