IDT (NYSE:IDT) Share Price Crosses Above 200-Day Moving Average - Time to Sell?

IDT Co. (NYSE:IDT - Get Free Report) 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 traded.

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 Stock Performance

The company has a market capitalization of $1.23 billion, a PE ratio of 16.70 and a beta of 0.80. The firm's 50-day simple moving average is $47.88 and its 200 day simple moving average is $44.73.

IDT (NYSE:IDT - Get Free Report) last issued its earnings results on Wednesday, December 4th. The utilities provider reported $0.69 earnings per share for the quarter. IDT had a net margin of 6.10% and a return on equity of 22.18%.

IDT Cuts Dividend

The company also recently announced a dividend, which was paid on Tuesday, December 31st. Shareholders of record on Tuesday, December 24th were given a dividend of $0.05 per share. The ex-dividend date was Monday, December 23rd. This represents a yield of 0.42%. IDT's payout ratio is 6.85%.

Insider Activity

In other IDT news, CTO David Wartell sold 17,116 shares of the stock in a transaction on Monday, December 23rd. The stock was sold at an average price of $47.11, for a total transaction of $806,334.76. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, EVP Nadine Shea sold 1,000 shares of the firm's stock in a transaction on Monday, December 9th. The stock was sold at an average price of $53.74, for a total value of $53,740.00. Following the transaction, 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 position. The disclosure for this sale can be found here. Company insiders own 25.32% of the company's stock.

Institutional Trading of IDT

A number of large investors have recently made changes to their positions in the stock. New York State Teachers Retirement System purchased a new stake in shares of IDT during the third quarter worth about $54,000. Mitsubishi UFJ Asset Management Co. Ltd. grew its stake in IDT by 35.0% in the 4th quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 2,438 shares of the utilities provider's stock worth $116,000 after acquiring an additional 632 shares during the period. Quantbot Technologies LP acquired a new position in IDT in the 4th quarter valued at $129,000. New Age Alpha Advisors LLC purchased a new position in shares of IDT during the 4th quarter worth $134,000. Finally, DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main acquired a new stake in shares of IDT during the fourth quarter worth $180,000. 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.