RTTNews | Jul 9, 2021 12:06PM EDT

12:05 Friday, July 9, 2021 (RTTNews.com) - New Jersey-based telecommunication company IDT Corporation is up 8% in the Friday market after capital management fund Alta Fox Capital Management Funds LLC called the company as 'undervalued' in their reports.

The report, published by the firm, says that ITD and its subsidiaries like National Retail Solution, Net2phone, and BOSS money transfer are very well positioned in the market. This has possibly driven the stocks for the day to a fifteen-year high.

The shares are currently trading at $47.51, up $3.63 or 8.27% since their previous close at $43.88 at the bell on the Thursday market. The shares opened at $44.63 and in the 52-week period, the shares have moved between $5.95 and $49.51.

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