IDT (NYSE:IDT) Stock Price Passes Above 200 Day Moving Average – Time to Sell?

Shares of IDT Corporation (NYSE:IDT) crossed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $54.43 and traded as high as $67.80. IDT shares last traded at $66.7130, with a volume of 152,844 shares trading hands.

Analyst Upgrades and Downgrades

Several analysts have commented on IDT shares. Wall Street Zen cut shares of IDT from a “strong-buy” rating to a “buy” rating in a research note on Sunday, May 3rd. Weiss Ratings raised shares of IDT from a “hold (c)” rating to a “hold (c+)” rating in a report on Thursday, June 25th. One investment analyst has rated the stock with a Hold rating, Based on data from MarketBeat.com, the company currently has an average rating of “Hold”.

IDT Trading Up 0.4%

The firm’s 50-day moving average price is $61.22 and its 200-day moving average price is $54.43. The stock has a market capitalization of $1.66 billion, a PE ratio of 20.40 and a beta of 0.60.

IDT (NYSE:IDT) last released its quarterly earnings results on Wednesday, June 3rd. The utilities provider reported $0.94 EPS for the quarter, topping the consensus estimate of $0.89 by $0.05. IDT had a return on equity of 24.36% and a net margin of 6.41%.The company had revenue of $315.71 million during the quarter, compared to analyst estimates of $308.00 million.

IDT Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Thursday, June 18th. Stockholders of record on Tuesday, June 9th were issued a $0.07 dividend. The ex-dividend date was Tuesday, June 9th. This represents a $0.28 dividend on an annualized basis and a dividend yield of 0.4%. IDT’s payout ratio is 8.56%.

Insider Activity at IDT

In other IDT news, CFO Marcelo Fischer sold 23,323 shares of IDT stock in a transaction on Friday, June 26th. The shares were sold at an average price of $56.98, for a total transaction of $1,328,944.54. Following the completion of the transaction, the chief financial officer directly owned 32,824 shares of the company’s stock, valued at $1,870,311.52. The trade was a 41.54% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP Nadine Shea sold 500 shares of IDT stock in a transaction on Monday, June 8th. The stock was sold at an average price of $55.32, for a total transaction of $27,660.00. Following the transaction, the executive vice president directly owned 8,725 shares of the company’s stock, valued at $482,667. The trade was a 5.42% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders own 25.41% of the company’s stock.

Institutional Investors Weigh In On IDT

Several institutional investors have recently made changes to their positions in the company. Public Employees Retirement System of Ohio purchased a new position in shares of IDT during the 3rd quarter worth about $96,000. Gabelli Funds LLC purchased a new position in IDT during the 2nd quarter valued at $239,000. Entropy Technologies LP bought a new position in IDT in the 1st quarter valued at $264,000. State of Tennessee Department of Treasury bought a new stake in shares of IDT during the fourth quarter worth $268,000. Finally, Ameriprise Financial Inc. bought a new stake in shares of IDT during the third quarter worth $399,000. Institutional investors own 59.34% of the company’s stock.

IDT Company Profile

IDT Corporation, founded in 1990 and headquartered in Newark, New Jersey, is a diversified global provider of telecommunications and payment services. The company operates through its primary communications arm, IDT Telecom, and a digital solutions segment that encompasses cross-border money transfers and related fintech offerings. Since its inception, IDT has built an international network infrastructure to support voice and data transmission across more than 200 countries and territories.

Through IDT Telecom, the company offers a suite of voice communication products, including prepaid phone cards, VoIP services, SIP trunking and operator-assisted calling.