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

Cordiant Digital Infrastructure logo with Financial Services background

Shares of Cordiant Digital Infrastructure (LON:CORD - Get Free Report) 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 Performance

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 £712.12 million, a P/E ratio of 930.00 and a beta of 0.67. The business's 50-day moving average price is GBX 87.99 and its 200-day moving average price is GBX 81.17.

Cordiant Digital Infrastructure Cuts Dividend

The company also recently declared a dividend, which will be paid on Friday, December 20th. Shareholders of record on Thursday, December 5th will be issued a dividend of GBX 2.10 ($0.03) per share. This represents a yield of 2.47%. The ex-dividend date is 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 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.

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