Dougherty & Company Drops KIT digital (KITD) Coverage on Lack of Financials
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Rating Summary:
2 Buy, 5 Hold, 0 Sell
Rating Trend:
Up
Today's Overall Ratings:
Up: 11 | Down: 35 | New: 23
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Dougherty & Company dropped coverage on KIT digital, Inc. (NASDAQ: KITD) based on the lack of financial disclosures.
"Given the lack of reported financials, multiple shareholder lawsuits and the likelihood of a prolonged SEC investigation, it is our belief that there’s very little, if any, equity value left in the business, so we are dropping coverage of KIT Digital," the firm comments.
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"Given the lack of reported financials, multiple shareholder lawsuits and the likelihood of a prolonged SEC investigation, it is our belief that there’s very little, if any, equity value left in the business, so we are dropping coverage of KIT Digital," the firm comments.
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