Stock Rating Upgrade
The Value Trend Rating for IDT Corp (NYSE: IDT) improved in recent days from D to C reflecting improving fundamentals and high Appreciation Potential. Details supporting this higher rating are included in our next report.
Recent Price Action
On 1/12/24, IDT Corp (NYSE: IDT) stock declined slightly by -0.3%, closing at $32.58. However, unusually low trading volume at 59% of normal accompanied the decline. The stock has been strong relative to the market over the last nine months but has declined -4.1% during the last week.
Current PriceTarget Research Rating
IDT is expected to continue to be an important Value Builder reflecting capital returns that are forecasted to exceed the cost of capital.
IDT has a current Value Trend Rating of C (Low Neutral). This VT Rating improved in recent days from D previously. With this rating, PTR's two proprietary measures of a stock's current attractiveness are providing contradictory signals. IDT has a poor Appreciation Score of 29 but a slightly positive Power Rating of 66, producing the Low Neutral Value Trend Rating.