Shares of Rosetta Stone Inc. (NYSE:RST) reached a new 52-week high during mid-day trading on Wednesday . The company traded as high as $8.65 and last traded at $8.63, with a volume of 84,272 shares trading hands. The stock had previously closed at $8.35.

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

The stock’s 50 day moving average price is $7.89 and its 200-day moving average price is $7.54. The stock’s market cap is $189.27 million.

Rosetta Stone (NYSE:RST) last posted its quarterly earnings results on Wednesday, August 3rd. The company reported ($0.41) earnings per share for the quarter, beating the Zacks’ consensus estimate of ($0.67) by $0.26. The company earned $45.70 million during the quarter, compared to the consensus estimate of $42.93 million. The firm’s revenue for the quarter was down 11.1% compared to the same quarter last year. During the same quarter in the prior year, the business earned ($0.38) earnings per share. On average, equities analysts predict that Rosetta Stone Inc. will post ($2.24) EPS for the current year.

A hedge fund recently raised its stake in Rosetta Stone stock. New York State Common Retirement Fund increased its position in shares of Rosetta Stone Inc. (NYSE:RST) by 3.6% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. 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 1.22% of Rosetta Stone worth $1,772,000 as of its most recent SEC filing.

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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