KIT Digital (KITD +6.7%) steadily moved higher today after announcing a $15M, 5-year contract to...

|About: KIT digital, Inc. (KITD)|By:, SA News Editor

KIT Digital (KITD +6.7%) steadily moved higher today after announcing a $15M, 5-year contract to provide digital cable distribution software and services for Indian satellite broadcast infrastructure services firm NSPTL. KIT had closed yesterday near an all-time low - shares have been stung by poor earnings, management turmoil, and uncertainty related to an HQ move from Prague to New York. (PR)