Shares of IDT Corporation Class B (NYSE:IDT) traded today at $48.84, eclipsing its 52-week high. So far today approximately 739,000 shares have been exchanged, as compared to an average 30-day volume of 187,000 shares.
IDT Corp is a multinational holding company. It primarily operates in the telecommunications and payment industries. It has two reportable business segments, Telecom & Payment Services, and net2phone. The Telecom & Payment Services segment that derives majority revenue provides retail telecommunications and payment offerings as well as wholesale international long-distance traffic termination. The net2phone segment provides unified cloud communications and telephony services to business customers.
In the past 52 weeks, shares of IDT Corporation Class B have traded between a low of $5.95 and a high of $48.84 and is now at $47.14, which is 692% above that low price.
Based on a current price of $47.14, IDT Corporation Class B is currently 79.4% above its average consensus analyst price target of $9.72.
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