Why IDT Stock Was Soaring on Friday

Shares of IDT (NYSE: IDT) were up on Friday after a positive report was released for the stock by Alta Fox Capital. The conglomerate of telecommunications and payments businesses was up as much as 24% on the news and is up 19.8% as of 12:12 a.m. EST today.

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IDT is a small-cap stock with a market cap of $1.2 billion. It was founded in 1990 by the current chairman, Howard Jonas, and is currently run by CEO Schmuel Jonas and CFO Marcelo Fischer. The company owns many businesses, including a point-of-sale (POS) platform called National Retail Solutions, a cloud-based communications platform for enterprises called net2phone, and a money remittance service called BOSS Money Transfer.

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Source Fool.com