Positive Media Coverage Extremely Likely to Impact IDT (IDT) Stock Price
Headlines about IDT (NYSE:IDT) have been trending positive on Friday, Alpha One Sentiment reports. Alpha One, a division of Accern, ranks the sentiment of media coverage by analyzing more than 20 million blog and news sources in real-time. Alpha One ranks coverage of companies on a scale of negative one to one, with scores nearest to one being the most favorable. IDT earned a news impact score of 0.39 on Alpha One’s scale. Alpha One also assigned press coverage about the utilities provider an impact score of 94 out of 100, indicating that recent media coverage is extremely likely to have an impact on the stock’s share price in the near term.
Here are some of the news headlines that may have effected Alpha One Sentiment Analysis’s analysis:
- Sanjay Mehrotra takes over at Micron (electronicsweekly.com)
- ETFs with exposure to IDT Corp. : April 27, 2017 (finance.yahoo.com)
- AirFuel Alliance Supports China’s Smart Cities Initiative with New Resonant Wireless Charging Ecosystem in Shenzhen (prnewswire.co.uk)
- National Retail Solutions Provides Digital In-Store Advertising to Deliver Value to Underserved Small-Business Market (finance.yahoo.com)
- IDT Corp. – Value Analysis (NYSE:IDT) : April 26, 2017 (finance.yahoo.com)
IDT (NYSE:IDT) traded down 1.24% during trading on Friday, reaching $15.16. 56,027 shares of the company were exchanged. The firm has a market cap of $350.17 million, a price-to-earnings ratio of 9.12 and a beta of 1.11. The firm has a 50-day moving average of $13.51 and a 200-day moving average of $17.73. IDT has a 52-week low of $11.78 and a 52-week high of $23.13.
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In related news, Chairman Howard S. Jonas bought 728,332 shares of the company’s stock in a transaction on Tuesday, April 11th. The stock was bought at an average cost of $13.73 per share, with a total value of $9,999,998.36. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Insiders own 12.80% of the company’s stock.
IDT Corporation is a holding company with operations primarily in the telecommunications and payment industries. The Company’s segments include Telecom Platform Services, Consumer Phone Services and All Other. The Company’s Telecom Platform Services segment provides retail telecommunications and payment offerings, as well as wholesale international long distance traffic termination.
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