IDT Corporation (IDT) Downgraded by TheStreet
IDT Corporation (NYSE:IDT) was downgraded by TheStreet from a “b-” rating to a “c” rating in a report released on Tuesday.
Separately, BidaskClub cut shares of IDT Corporation from a “buy” rating to a “hold” rating in a research note on Tuesday, August 22nd.
IDT Corporation (NYSE:IDT) traded up 3.13% on Tuesday, reaching $13.82. The company had a trading volume of 284,166 shares. IDT Corporation has a 52-week low of $12.03 and a 52-week high of $23.13. The stock has a market capitalization of $343.23 million, a PE ratio of 10.98 and a beta of 1.13. The stock has a 50 day moving average price of $14.21 and a 200 day moving average price of $14.74.
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In related news, Director Judah Schorr acquired 7,000 shares of the stock in a transaction dated Thursday, July 13th. The stock was bought at an average cost of $14.82 per share, with a total value of $103,740.00. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. 12.80% of the stock is owned by insiders.
Hedge funds and other institutional investors have recently made changes to their positions in the company. Ameriprise Financial Inc. purchased a new stake in shares of IDT Corporation during the 2nd quarter valued at $227,000. Nationwide Fund Advisors grew its stake in shares of IDT Corporation by 20.5% during the 2nd quarter. Nationwide Fund Advisors now owns 59,969 shares of the utilities provider’s stock valued at $862,000 after buying an additional 10,193 shares during the period. Kennedy Capital Management Inc. purchased a new stake in shares of IDT Corporation during the 2nd quarter valued at $2,115,000. Seizert Capital Partners LLC grew its stake in shares of IDT Corporation by 68.7% during the 2nd quarter. Seizert Capital Partners LLC now owns 168,864 shares of the utilities provider’s stock valued at $2,427,000 after buying an additional 68,771 shares during the period. Finally, Old West Investment Management LLC purchased a new stake in shares of IDT Corporation during the 2nd quarter valued at $2,719,000. 51.99% of the stock is owned by institutional investors.
IDT Corporation Company Profile
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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