IDT Co. (NYSE:IDT) traded up 7.8% during trading on Friday . The stock traded as high as $37.23 and last traded at $37.23. 720 shares traded hands during mid-day trading, a decline of 99% from the average session volume of 141,658 shares. The stock had previously closed at $34.55.
Separately, TheStreet raised shares of IDT from a “c+” rating to a “b” rating in a research note on Friday, March 5th.
The company’s 50 day moving average is $26.20. The firm has a market capitalization of $955.94 million, a price-to-earnings ratio of 12.04 and a beta of 1.12.
Institutional investors have recently modified their holdings of the stock. Citigroup Inc. lifted its position in shares of IDT by 189.9% during the 4th quarter. Citigroup Inc. now owns 4,603 shares of the utilities provider’s stock worth $57,000 after buying an additional 3,015 shares during the last quarter. Dorsey Wright & Associates lifted its position in shares of IDT by 135.3% during the 1st quarter. Dorsey Wright & Associates now owns 2,536 shares of the utilities provider’s stock worth $57,000 after buying an additional 1,458 shares during the last quarter. Steward Partners Investment Advisory LLC lifted its position in shares of IDT by 3,796.2% during the 4th quarter. Steward Partners Investment Advisory LLC now owns 5,065 shares of the utilities provider’s stock worth $63,000 after buying an additional 4,935 shares during the last quarter. Lazard Asset Management LLC purchased a new stake in shares of IDT during the 4th quarter worth approximately $80,000. Finally, Creative Planning purchased a new stake in shares of IDT during the 4th quarter worth approximately $129,000. Institutional investors own 37.63% of the company’s stock.
IDT Company Profile (NYSE:IDT)
IDT Corporation operates in the communications and payment industries in the United States and internationally. The company operates through two segments, Telecom & Payment Services, and net2phone. The Telecom & Payment Services Services segment offers national retail solutions, such as point of sale network; mobile top-up; and carrier services, as well as an international money remittance service and international long-distance calling service under the BOSS Revolution brand name.
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