Rosetta Stone Inc. (NYSE:RST) shares traded down 3% on Wednesday . The stock traded as low as $7.74 and last traded at $7.76, with a volume of 55,629 shares trading hands. The stock had previously closed at $8.00.

Separately, Zacks Investment Research lowered Rosetta Stone from a “hold” rating to a “sell” rating in a research report on Friday, May 6th.

The company’s market capitalization is $172.50 million. The firm’s 50-day moving average price is $7.72 and its 200-day moving average price is $7.45.

Rosetta Stone (NYSE:RST) last announced its quarterly earnings results on Wednesday, May 4th. The company reported ($0.34) EPS for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.52) by $0.18. During the same period in the prior year, the firm earned ($0.95) EPS. The company earned $48 million during the quarter, compared to analyst estimates of $47.14 million. Rosetta Stone’s quarterly revenue was down 17.8% compared to the same quarter last year. Equities research analysts expect that Rosetta Stone Inc. will post ($2.47) earnings per share for the current fiscal year.

A hedge fund recently raised its stake 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, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm 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 about 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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