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
OTCMAGIC Spends all day scouring the markets for the next huge Penny Stock Winner. Investors have come to trust us for our up to date commentary on all hot stocks so please visit OTCMAGIC right now and see what it’s all about for yourself! At 30,000 Visitors a Month and growing rapidly OTCMAGIC is the hottest thing in Penny Stocks!
Never invest in any stock featured on our site or emails unless you can afford to lose your entire investment. PLEASE NOTE: OTCMagic.com employees are not registered as an Investment Advisor in any jurisdiction whatsoever. Full disclaimer can be read at http://OTCMagic.com/disclaimer. Release of Liability: Through use of this website viewing or using you agree to hold OTCMagic.com, its operators owners and employees harmless and to completely release them from any and all liability due to any and all loss monetary or otherwise, damage monetary or otherwise, or injury (monetary or otherwise) that you may incur. The information contained herein is based on sources which we believe to be reliable but is not guaranteed by us as being accurate and does not purport to be a complete statement or summary of the available data. OTCMagic.com affiliates may from time to time have a position in the securities mentioned herein and may increase or decrease such positions without notice. Any opinions expressed are subject to change without notice. OTCMagic.com encourages readers and investors to supplement the information in these reports with independent research and other professional advice. All information on featured companies is provided by the companies profiled, or is available from public sources and OTCMagic.com. We make no representations, warranties or guarantees as to the accuracy or completeness of the disclosure by the profiled companies. This is not a solicitation to buy or sell any securities. Any claims or Statements should be deemed hypothetical. OTCMagic.com, nor any of its affiliates are not registered investment advisors or broker dealers.
Copyright © 2005-2013 - SBWire, The Small Business Newswire - All Rights Reserved - Important Disclaimer
Contact Us: 888-4-SBWIRE (US) - 920-593-5640 (International)