Hit first-time

"22 mins: Ronaldo gives Real Madrid the lead with a frankly superb finish. He receieved the ball on the very edge of the area and beat Buffon with a low right-footed effort, hit first-time, that curled away from Buffon and ended up in the bottom left-hand corner of the goal." (The Independent - live sport report.)

Is "hit" a past participle in the above?