Traders Purchase High Volume of IDT Call Options (NYSE:IDT)

IDT Co. (NYSE:IDT) saw some unusual options trading activity on Thursday. Stock investors bought 625 call options on the stock. This is an increase of approximately 806% compared to the typical volume of 69 call options.

Shares of NYSE:IDT opened at $7.99 on Friday. The company has a 50 day moving average of $9.69 and a 200 day moving average of $8.60. The stock has a market cap of $211.81 million, a P/E ratio of 14.93 and a beta of 1.13. IDT has a 12 month low of $5.64 and a 12 month high of $11.84.

Separately, ValuEngine raised shares of IDT from a “sell” rating to a “hold” rating in a research note on Thursday.

Large investors have recently modified their holdings of the stock. Tower Research Capital LLC TRC purchased a new position in IDT during the second quarter valued at approximately $26,000. Los Angeles Capital Management & Equity Research Inc. purchased a new position in IDT during the second quarter valued at approximately $124,000. Bailard Inc. purchased a new position in IDT during the second quarter valued at approximately $162,000. Menta Capital LLC purchased a new position in IDT in the 2nd quarter worth approximately $201,000. Finally, Charles Schwab Investment Management Inc. purchased a new position in IDT in the 2nd quarter worth approximately $391,000. 40.00% of the stock is owned by institutional investors.

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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