KIT Digital Stock Gaps Down On Today's Open (KITD)

NEW YORK ( TheStreet) -- Shares of KIT Digital (Nasdaq: KITD) were gapping down Thursday morning with an open price 25.1% lower than Wednesday's closing price. The stock closed at $6.34 Wednesday and opened today's trading at $4.75.

The average volume for KIT Digital has been 1.3 million shares per day over the past 30 days. KIT Digital has a market cap of $315.3 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 Wednesday.

KIT digital, Inc., through its subsidiaries, provides end-to-end video asset management software and related services to enterprise clients.

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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