Rosetta Stone Inc. (RST) Sets New 52-Week High at $9.20
Rosetta Stone Inc. (NYSE:RST) shares reached a new 52-week high during trading on Tuesday . The company traded as high as $9.20 and last traded at $9.11, with a volume of 134,662 shares trading hands. The stock had previously closed at $9.09.
Separately, Zacks Investment Research downgraded shares of Rosetta Stone from a “hold” rating to a “sell” rating in a research note on Friday, May 6th.
The company’s market cap is $197.62 million. The company’s 50-day moving average price is $8.15 and its 200-day moving average price is $7.63.
Rosetta Stone (NYSE:RST) last posted its quarterly earnings results on Wednesday, August 3rd. The company reported ($0.41) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.67) by $0.26. The company earned $45.70 million during the quarter, compared to analysts’ expectations of $42.93 million. Rosetta Stone’s revenue for the quarter was down 11.1% compared to the same quarter last year. During the same period last year, the company earned ($0.38) earnings per share. Analysts predict that Rosetta Stone Inc. will post ($1.94) earnings per share 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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