IDT Corporation (IDT) Lowered to Hold at BidaskClub
BidaskClub downgraded shares of IDT Corporation (NYSE:IDT) from a buy rating to a hold rating in a research note issued to investors on Thursday.
Separately, TheStreet upgraded IDT Corporation from a c+ rating to a b- rating in a research report on Friday, June 16th.
Shares of IDT Corporation (NYSE IDT) traded down 0.40% during trading on Thursday, reaching $14.98. 69,848 shares of the company were exchanged. The stock has a market capitalization of $372.04 million, a price-to-earnings ratio of 11.90 and a beta of 1.13. IDT Corporation has a one year low of $12.03 and a one year high of $23.13. The company has a 50 day moving average price of $14.81 and a 200-day moving average price of $16.04.
In related news, Director Judah Schorr purchased 20,000 shares of the firm’s stock in a transaction that occurred on Thursday, July 6th. The shares were bought at an average price of $14.32 per share, for a total transaction of $286,400.00. Following the completion of the transaction, the director now owns 69,287 shares of the company’s stock, valued at $992,189.84. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Chairman Howard S. Jonas purchased 1,000,000 shares of the firm’s stock in a transaction that occurred on Friday, June 9th. The stock was bought at an average price of $14.93 per share, for a total transaction of $14,930,000.00. The disclosure for this purchase can be found here. Insiders have acquired a total of 1,037,000 shares of company stock worth $15,463,460 in the last quarter. Company insiders own 12.80% of the company’s stock.
About IDT Corporation
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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