NEW YORK (

TheStreet

) -- Shares of

KIT Digital

(Nasdaq:

KITD

) have taken a tremendous swing upward. The stock is trading at $10.05 as of 9:50 a.m. ET, 20.2% above Tuesday's closing price of $8.36. Volume is at 944,875, 1.7 times the daily average of 546,100.

KIT Digital has a market cap of $358.9 million and is part of the

services

sector and

media

industry. Shares are down 48% year to date as of the close of trading on Tuesday.

KIT digital, Inc. provides end-to-end video asset management software and related services. It offers KIT platform for managing Internet protocol (IP)-based video assets across the browser, mobile device, and IPTV set-top box enabled television sets.

TheStreet Ratings rates KIT Digital as a

hold

. The company's strengths can be seen in multiple areas, such as its robust revenue growth, largely solid financial position with reasonable debt levels by most measures and good cash flow from operations. However, as a counter to these strengths, we also find weaknesses including deteriorating net income, a generally disappointing performance in the stock itself and feeble growth in the company's earnings per share. You can view the full

KIT Digital Ratings Report

.

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