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

NEW YORK ( TheStreet) -- Shares of KIT Digital (Nasdaq: KITD) were gapping down Friday morning with an open price 10.4% lower than Thursday's closing price. The stock closed at $3.16 Thursday and opened today's trading at $2.83.

The average volume for KIT Digital has been 1.7 million shares per day over the past 30 days. KIT Digital has a market cap of $149.1 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., through its subsidiaries, provides end-to-end video asset management software and related services to enterprise clients.

TheStreet Ratings rates KIT Digital as a sell. The company's weaknesses can be seen in multiple areas, such as its deteriorating net income, disappointing return on equity, weak operating cash flow, generally disappointing historical performance in the stock itself and feeble growth in its earnings per share. You can view the full KIT Digital Ratings Report.

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