IDT Corporation (NYSE:IDT) was downgraded by research analysts at TheStreet from a “b-” rating to a “c” rating in a research note issued on Tuesday.

Separately, BidaskClub cut shares of IDT Corporation from a “buy” rating to a “hold” rating in a report on Tuesday, August 22nd.

IDT Corporation (NYSE IDT) traded up 3.13% on Tuesday, hitting $13.82. 284,166 shares of the company were exchanged. IDT Corporation has a 52 week low of $12.03 and a 52 week high of $23.13. The stock has a 50 day moving average of $14.25 and a 200 day moving average of $14.75. The company has a market capitalization of $343.23 million, a price-to-earnings ratio of 10.98 and a beta of 1.13.

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In related news, Director Judah Schorr purchased 7,000 shares of the stock in a transaction dated Thursday, July 13th. The stock was purchased at an average price 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 is available through this hyperlink. 12.80% of the stock is owned by insiders.

Several institutional investors and hedge funds have recently bought and sold shares of IDT. Foundry Partners LLC purchased a new position in shares of IDT Corporation in the 2nd quarter worth about $3,362,000. Old West Investment Management LLC purchased a new position in shares of IDT Corporation in the 2nd quarter worth about $2,719,000. Kennedy Capital Management Inc. purchased a new position in shares of IDT Corporation in the 2nd quarter worth about $2,115,000. Seizert Capital Partners LLC raised its position in shares of IDT Corporation by 68.7% in the 2nd quarter. Seizert Capital Partners LLC now owns 168,864 shares of the utilities provider’s stock worth $2,427,000 after purchasing an additional 68,771 shares during the last quarter. Finally, Ameriprise Financial Inc. purchased a new position in shares of IDT Corporation in the 2nd quarter worth about $227,000. 51.99% of the stock is owned by hedge funds and other 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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