IDT Co. (NYSE:IDT) Director Judah Schorr sold 16,665 shares of the stock in a transaction on Thursday, December 19th. The stock was sold at an average price of $7.23, for a total value of $120,487.95. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink.
Shares of IDT stock traded down $0.11 during mid-day trading on Friday, reaching $7.00. The stock had a trading volume of 51,964 shares, compared to its average volume of 109,317. IDT Co. has a 12-month low of $5.64 and a 12-month high of $11.84. The company has a market cap of $188.42 million, a P/E ratio of 18.23 and a beta of 1.09. The business has a 50-day simple moving average of $7.05 and a 200 day simple moving average of $8.51. The company has a current ratio of 0.94, a quick ratio of 0.94 and a debt-to-equity ratio of 0.18.
IDT (NYSE:IDT) last announced its quarterly earnings results on Thursday, October 10th. The utilities provider reported $0.12 earnings per share for the quarter. IDT had a return on equity of 19.75% and a net margin of 0.30%. The business had revenue of $356.10 million during the quarter.
IDT has been the subject of several recent research reports. TheStreet downgraded IDT from a “c-” rating to a “d” rating in a report on Thursday, December 5th. ValuEngine raised IDT from a “sell” rating to a “hold” rating in a report on Thursday, October 10th.
Several hedge funds have recently made changes to their positions in IDT. Tower Research Capital LLC TRC purchased a new stake in IDT during the 2nd quarter worth about $26,000. Los Angeles Capital Management & Equity Research Inc. purchased a new stake in IDT during the 2nd quarter worth about $124,000. Russell Investments Group Ltd. increased its position in IDT by 43.1% during the 3rd quarter. Russell Investments Group Ltd. now owns 16,233 shares of the utilities provider’s stock worth $173,000 after purchasing an additional 4,886 shares in the last quarter. Menta Capital LLC purchased a new stake in IDT during the 2nd quarter worth about $201,000. Finally, Charles Schwab Investment Management Inc. purchased a new stake in IDT during the 2nd quarter worth about $391,000. Institutional investors and hedge funds own 41.91% of the company’s stock.
IDT Corporation operates primarily in the telecommunications and payment industries in the United States and internationally. The company operates in two segments, Telecom & Payment Services, and net2phone-Unified Communications as a Service. The Telecom & Payment Services Services segment offers retail telecommunication products, including international long-distance calling products primarily to foreign-born communities; wholesale international long distance traffic termination services for tier 1 fixed line and mobile network operators, as well as for other service providers; and payment offerings, such as international and domestic airtime top-up, domestic bill payment, and international money transfer services.
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