KIT Digital Stock Hits New 52-Week Low (KITD)

NEW YORK ( TheStreet) -- KIT Digital (Nasdaq: KITD) hit a new 52-week low Monday as it is currently trading at $8.33, below its previous 52-week low of $8.34 with 14,114 shares traded as of 9:40 a.m. ET. Average volume has been 476,400 shares over the past 30 days.

KIT Digital has a market cap of $368.7 million and is part of the services sector and media industry. Shares are down 47.6% year to date as of the close of trading on Friday.

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.
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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 expanding profit margins. 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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