Rosetta Stone Inc. (RST) Sets New 12-Month High at $8.65
Shares of Rosetta Stone Inc. (NYSE:RST) hit a new 52-week high during mid-day trading on Wednesday . The stock traded as high as $8.65 and last traded at $8.63, with a volume of 84,272 shares changing hands. The stock had previously closed at $8.35.
Separately, Zacks Investment Research downgraded shares of Rosetta Stone from a “hold” rating to a “sell” rating in a research report on Friday, May 6th.
The firm has a 50 day moving average price of $7.97 and a 200-day moving average price of $7.55. The company’s market capitalization is $196.52 million.
Rosetta Stone (NYSE:RST) last released its earnings results on Wednesday, August 3rd. The company reported ($0.41) earnings per share for the quarter, beating the consensus estimate of ($0.67) by $0.26. The company earned $45.70 million during the quarter, compared to analyst estimates of $42.93 million. During the same period in the previous year, the company posted ($0.38) EPS. The company’s quarterly revenue was down 11.1% compared to the same quarter last year. On average, analysts expect that Rosetta Stone Inc. will post ($1.94) EPS for the current fiscal year.
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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