IDT Corp. Hits Day Low of $52.05 Amid Price Pressure

IDT Corp., a small-cap player in the telecom services industry, experienced a significant decline today, with its stock dropping by 16.4%. The stock reached an intraday low of USD 52.05, marking a notable point in its trading session. Over the past week, IDT Corp. has seen a decrease of 23.41%, while its performance over the last month reflects an 18.35% decline.
Despite these short-term fluctuations, IDT Corp. has demonstrated strong long-term growth, boasting a remarkable annual operating profit growth rate of 151.17%. The company has consistently reported positive results for the last four quarters, with a net profit of USD 42.02 million, reflecting an impressive growth rate of 85.13%.

With a return on equity (ROE) of 35.20% and a price-to-book ratio of 6.57, IDT Corp. maintains a fair valuation relative to its peers. The stock has generated a substantial return of 75.08% over the past year, significantly outperforming the S&P 500, which returned 16.09% during the same period. High institutional holdings at 60.17% further indicate confidence in the company's fundamentals.