IDT Co. (NYSE:IDT) EVP Sells $25,025.64 in Stock

IDT Co. (NYSE:IDT) EVP Joyce J. Mason sold 3,606 shares of the firm’s stock in a transaction that occurred on Tuesday, April 16th. The shares were sold at an average price of $6.94, for a total transaction of $25,025.64. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link.

Shares of IDT traded up $0.11 during mid-day trading on Friday, reaching $7.42. The company had a trading volume of 76,381 shares, compared to its average volume of 51,463. IDT Co. has a 1-year low of $4.82 and a 1-year high of $8.70. The company has a market cap of $192.12 million, a P/E ratio of 19.24 and a beta of 0.66.

IDT (NYSE:IDT) last posted its quarterly earnings results on Thursday, March 7th. The utilities provider reported $0.01 earnings per share for the quarter. IDT had a net margin of 0.23% and a return on equity of 24.45%. The company had revenue of $349.47 million for the quarter.

Institutional investors and hedge funds have recently bought and sold shares of the company. Campbell & CO Investment Adviser LLC acquired a new stake in shares of IDT in the 4th quarter valued at approximately $98,000. Wells Fargo & Company MN raised its holdings in IDT by 13.0% in the 1st quarter. Wells Fargo & Company MN now owns 22,489 shares of the utilities provider’s stock valued at $148,000 after buying an additional 2,593 shares during the last quarter. O Shaughnessy Asset Management LLC bought a new position in IDT in the 4th quarter valued at approximately $156,000. Bank of America Corp DE raised its holdings in IDT by 308.6% in the 4th quarter. Bank of America Corp DE now owns 30,122 shares of the utilities provider’s stock valued at $186,000 after buying an additional 22,750 shares during the last quarter. Finally, Man Group plc bought a new position in IDT in the 3rd quarter valued at approximately $202,000. Institutional investors own 38.25% of the company’s stock.

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IDT Company Profile

IDT Corporation operates primarily in the telecommunications and payment industries in the United States and internationally. The company operates in two segments, Telecom & Payment Services, and net2phone-Unified Communications as a Service. The Telecom & Payment Services Services segment offers retail telecommunication products, including international long-distance calling products primarily to foreign-born communities; wholesale international long distance traffic termination services for tier 1 fixed line and mobile network operators, as well as for other service providers; and payment offerings, such as international and domestic airtime top-up, domestic bill payment, and international money transfer services.

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