Cordiant Digital Infrastructure (LON:CORD) Reaches New 52-Week High – Still a Buy?

Cordiant Digital Infrastructure (LON:CORD)’s share price reached a new 52-week high on Tuesday . The company traded as high as GBX 93.80 ($1.19) and last traded at GBX 92.83 ($1.18), with a volume of 3191246 shares changing hands. The stock had previously closed at GBX 92.40 ($1.17).

Cordiant Digital Infrastructure Stock Up 0.6 %

The stock has a fifty day simple moving average of GBX 87.99 and a two-hundred day simple moving average of GBX 81.17. The firm has a market cap of £712.12 million, a PE ratio of 924.00 and a beta of 0.67. The company has a current ratio of 0.48, a quick ratio of 141.92 and a debt-to-equity ratio of 17.12.

Cordiant Digital Infrastructure Cuts Dividend

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