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

Shares of IDT Co. (NYSE:IDT) passed above its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of $43.72 and traded as high as $47.73. IDT shares last traded at $47.45, with a volume of 49,856 shares trading hands.

Wall Street Analysts Forecast Growth

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

IDT Stock Performance

The company has a 50 day simple moving average of $48.78 and a 200 day simple moving average of $43.75. The company has a market capitalization of $1.19 billion, a PE ratio of 16.14 and a beta of 0.81.

IDT (NYSE:IDT) last released 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 firm also recently announced a dividend, which was paid on Tuesday, December 31st. Investors of record on Tuesday, December 24th were issued a $0.05 dividend. 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 presently 6.85%.

Insiders Place Their Bets

In other IDT news, CTO David Wartell sold 17,116 shares of IDT stock in a transaction that occurred on Monday, December 23rd. The shares were sold at an average price of $47.11, for a total value of $806,334.76. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP Nadine Shea sold 1,000 shares of IDT stock in a transaction that occurred on Monday, December 9th. The stock was sold at an average price of $53.74, for a total transaction of $53,740.00. Following the completion of the sale, the executive vice president now directly owns 4,775 shares of the company’s stock, valued at $256,608.50. The trade was a 17.32 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 25.32% of the company’s stock.

Hedge Funds Weigh In On IDT

Institutional investors have recently added to or reduced their stakes in the company. New York State Teachers Retirement System bought a new stake in shares of IDT during the 3rd quarter valued at about $54,000. Point72 Asset Management L.P. lifted its stake in shares of IDT by 176.9% in the 2nd quarter. Point72 Asset Management L.P. now owns 3,600 shares of the utilities provider’s stock worth $129,000 after acquiring an additional 2,300 shares during the period. Hennion & Walsh Asset Management Inc. acquired a new stake in shares of IDT in the 4th quarter worth approximately $200,000. Versor Investments LP acquired a new stake in IDT during the third quarter valued at approximately $213,000. Finally, Empirical Financial Services LLC d.b.a. Empirical Wealth Management acquired a new stake in IDT during the fourth quarter valued at approximately $242,000. Institutional investors and hedge funds 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.