Las Vegas, NV -- (SBWIRE) -- 02/22/2013 -- KIT digital, Inc. (PINK:KITD) is currently trading at $0.395. If we look at its price history the stock is trading near its last one year lowest of $0.17 while the stock experienced resistance at $11.95 in last 52 weeks.
Moreover, in its latest news, Kit Capital’s CEO Kaleil Isaza disclosed that the contingent bid to acquire KIT Digital was revised to $1.35 to $1.70 per share. At the time of revision the share price was trading around $0.72 which made the bid offer having premium of almost 112 percent.
Looking at its financials the company stands in heavy losses as per its quarterly results ending June 30th, 2012. The revenue however increased to $51.15 million as compared to revenue of $44.95 million for the same period last year.
KIT digital, Inc provide softwares for video asset management to their enterprise clients. Provide services for multiscreen video deployment, social video publishing and monetization. The company based in United States and its Head Quarter is in New York.
To find out what OTCMAGIC projects for KIT digital Inc for both short term and long term please click here: KITD
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