Dougherty & Company Drops KIT digital (KITD) Coverage on Lack of Financials
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Rating Summary:
0 Buy, 5 Hold, 0 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 13 | Down: 14 | New: 11
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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.
"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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