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

NEW YORK ( TheStreet) -- KIT Digital (Nasdaq: KITD) hit a new 52-week low Friday as it is currently trading at $6.46, below its previous 52-week low of $7.38 with 976,166 shares traded as of 9:40 a.m. ET. Average volume has been 912,900 shares over the past 30 days.

KIT Digital has a market cap of $487.9 million and is part of the services sector and media industry. Shares are up 45% year to date as of the close of trading on Thursday.

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 impressive record of earnings per share growth. However, as a counter to these strengths, we find that the stock has had a generally disappointing performance in the past year. You can view the full KIT Digital Ratings Report.

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