IDT (NYSE:IDT) Share Price Passes Above 200 Day Moving Average – Here’s What Happened

IDT Co. (NYSE:IDT) passed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $43.72 and traded as high as $47.73. IDT shares last traded at $47.45, with a volume of 49,856 shares.

Analyst Ratings Changes

Separately, StockNews.com upgraded IDT from a “buy” rating to a “strong-buy” rating in a research report on Wednesday, January 1st.

IDT Price Performance

The firm has a market capitalization of $1.19 billion, a price-to-earnings ratio of 16.14 and a beta of 0.81. The firm’s fifty day moving average is $48.78 and its 200 day moving average is $43.75.

IDT (NYSE:IDT) last issued its quarterly earnings data on Wednesday, December 4th. The utilities provider reported $0.69 earnings per share for the quarter. IDT had a net margin of 6.10% and a return on equity of 22.18%.

IDT Cuts Dividend

The business also recently declared a dividend, which was paid on Tuesday, December 31st. Investors of record on Tuesday, December 24th were given a dividend of $0.05 per share. The ex-dividend date was Monday, December 23rd. This represents a yield of 0.42%. IDT’s dividend payout ratio (DPR) is 6.85%.

Insider Buying and Selling at IDT

In other IDT news, CTO David Wartell sold 17,116 shares of IDT stock in a transaction on Monday, December 23rd. The shares were sold at an average price of $47.11, for a total transaction of $806,334.76. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Nadine Shea sold 1,000 shares of the business’s stock in a transaction dated Monday, December 9th. The shares were sold at an average price of $53.74, for a total value of $53,740.00. Following the completion of the transaction, the executive vice president now directly owns 4,775 shares of the company’s stock, valued at approximately $256,608.50. This trade represents a 17.32 % decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 25.32% of the company’s stock.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of the business. New York State Teachers Retirement System bought a new stake in IDT in the third quarter valued at approximately $54,000. Point72 Asset Management L.P. raised its position in IDT by 176.9% in the 2nd quarter. Point72 Asset Management L.P. now owns 3,600 shares of the utilities provider’s stock valued at $129,000 after buying an additional 2,300 shares during the last quarter. Hennion & Walsh Asset Management Inc. purchased a new stake in IDT in the 4th quarter valued at $200,000. Versor Investments LP purchased a new stake in shares of IDT during the 3rd quarter valued at $213,000. Finally, Empirical Financial Services LLC d.b.a. Empirical Wealth Management purchased a new stake in shares of IDT during the 4th quarter valued at $242,000. Institutional investors and hedge funds own 59.34% of the company’s stock.

About IDT

IDT Corporation provides communications and payment services in the United States, the United Kingdom, and internationally. It operates through Fintech, National Retail Solutions, net2phone, and Traditional Communications segments. The company operates point of sale, a terminal-based platform which provides independent retailers store management software, electronic payment processing, and other ancillary merchant services; and provides marketers with digital out-of-home advertising and transaction data.