IDT (NYSE:IDT) Shares Pass Above Two Hundred Day Moving Average – Here’s What Happened

IDT Co. (NYSE:IDT)’s share price crossed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $44.49 and traded as high as $49.00. IDT shares last traded at $48.72, with a volume of 69,125 shares.

Wall Street Analyst Weigh In

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

IDT Price Performance

The company has a market capitalization of $1.23 billion, a price-to-earnings ratio of 16.68 and a beta of 0.80. The stock has a fifty day simple moving average of $48.04 and a 200-day simple moving average of $44.49.

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

IDT Cuts Dividend

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

Insiders Place Their Bets

In other news, CTO David Wartell sold 17,116 shares of the stock in a transaction dated Monday, December 23rd. The stock was sold at an average price of $47.11, for a total value of $806,334.76. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, EVP Nadine Shea sold 1,000 shares of the 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 owns 4,775 shares in the company, valued at approximately $256,608.50. The trade was a 17.32 % decrease in their position. The disclosure for this sale can be found here. 25.32% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

Hedge funds have recently made changes to their positions in the business. New York State Teachers Retirement System purchased a new position in IDT during the 3rd quarter worth approximately $54,000. Mitsubishi UFJ Asset Management Co. Ltd. grew its stake in IDT by 35.0% during the 4th quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 2,438 shares of the utilities provider’s stock worth $116,000 after buying an additional 632 shares during the last quarter. Quantbot Technologies LP purchased a new position in IDT during the 4th quarter worth approximately $129,000. New Age Alpha Advisors LLC purchased a new position in IDT during the 4th quarter worth approximately $134,000. Finally, Hennion & Walsh Asset Management Inc. purchased a new position in IDT during the 4th quarter worth approximately $200,000. Hedge funds and other institutional investors own 59.34% of the company’s stock.

IDT Company Profile

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.