Shares of Rosetta Stone Inc. (NYSE:RST) were down 0.1% on Friday . The stock traded as low as $7.87 and last traded at $7.97, with a volume of 72,992 shares traded. The stock had previously closed at $7.98.

Separately, Zacks Investment Research upgraded Rosetta Stone from a “hold” rating to a “strong-buy” rating and set a $7.75 target price for the company in a research report on Friday, March 18th.

The company’s 50-day moving average is $7.51 and its 200 day moving average is $7.33. The stock’s market cap is $174.69 million.

Rosetta Stone (NYSE:RST) last issued its quarterly earnings results on Wednesday, May 4th. The company reported ($0.34) EPS for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.52) by $0.18. The firm had revenue of $48 million for the quarter, compared to analysts’ expectations of $47.14 million. During the same quarter in the previous year, the firm posted ($0.95) earnings per share. The firm’s revenue for the quarter was down 17.8% compared to the same quarter last year. Equities research analysts forecast that Rosetta Stone Inc. will post ($1.96) EPS for the current year.

An institutional investor recently raised its position in Rosetta Stone stock. New York State Common Retirement Fund increased its stake in shares of Rosetta Stone Inc. (NYSE:RST) by 3.6% during the fourth quarter, Holdings Channel reports. The fund owned 264,866 shares of the company’s stock after buying an additional 9,200 shares during the period. New York State Common Retirement Fund owned 1.22% of Rosetta Stone worth $1,772,000 at the end of the most recent quarter.

Rosetta Stone Inc (Rosetta Stone) offers personalized language and reading programs. The Company’s solutions are used by schools, businesses, government organizations and individuals around the world. Its segments include Enterprise & Education, which derives revenues from sales to educational institutions, corporations and government agencies worldwide, and Consumer, which derives revenue from sales to individuals and retail partners.

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