Kit Digital Shares Fall to Month Low in Prague Before Delisting

Kit Digital Inc. (KITD) dropped for a third day to its lowest in a month after the software producer said it will move its headquarters to New York from Prague and delist from the Czech bourse.

The stock declined 4.1 percent to 78.20 koruna by 11:07 a.m. in Prague, the lowest intraday level since June 19. The drop made Kit the worst performer today in the 14-member PX (PX) equity index, which rose 0.2 percent.

To contact the reporter on this story: Krystof Chamonikolas in Prague at kchamonikola@bloomberg.net

To contact the editor responsible for this story: Gavin Serkin at gserkin@bloomberg.net