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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.