IDT (IDT) Reaches New 52-Week Low at $10.85

Shares of IDT Co. (NYSE:IDT) hit a new 52-week low during trading on Thursday . The company traded as low as $10.85 and last traded at $12.59, with a volume of 1205600 shares trading hands. The stock had previously closed at $15.35.

A number of analysts have commented on the stock. TheStreet lowered shares of IDT from a “b-” rating to a “c” rating in a research note on Tuesday, October 3rd. BidaskClub lowered shares of IDT from a “buy” rating to a “hold” rating in a research note on Tuesday, August 22nd.

The stock has a market capitalization of $382.21, a P/E ratio of 31.33 and a beta of 1.16.

The firm also recently declared a quarterly dividend, which will be paid on Friday, December 29th. Shareholders of record on Monday, December 18th will be paid a dividend of $0.19 per share. The ex-dividend date of this dividend is Friday, December 15th. This represents a $0.76 dividend on an annualized basis and a yield of 6.04%. IDT’s dividend payout ratio (DPR) is presently -115.15%.

Institutional investors and hedge funds have recently bought and sold shares of the business. Symons Capital Management Inc. purchased a new position in IDT during the 3rd quarter worth $182,000. Ameriprise Financial Inc. purchased a new position in IDT during the 2nd quarter worth $227,000. Cornerstone Capital Management Holdings LLC. purchased a new position in IDT during the 3rd quarter worth $744,000. Nationwide Fund Advisors boosted its holdings in IDT by 20.5% during the 2nd quarter. Nationwide Fund Advisors now owns 59,969 shares of the utilities provider’s stock worth $862,000 after acquiring an additional 10,193 shares during the last quarter. Finally, Green Square Capital LLC purchased a new position in IDT during the 3rd quarter worth $1,272,000. 52.67% of the stock is currently owned by hedge funds and other institutional investors.

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IDT Company Profile

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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