Rosetta Stone Inc. (NYSE:RST) shares dropped 2.4% during mid-day trading on Monday . The stock traded as low as $7.95 and last traded at $8.01, with a volume of 53,726 shares. The stock had previously closed at $8.21.

Separately, Zacks Investment Research upgraded Rosetta Stone from a “sell” rating to a “hold” rating in a research note on Friday, May 13th.

The firm’s market capitalization is $176.01 million. The firm’s 50 day moving average price is $7.56 and its 200 day moving average price is $7.39.

Rosetta Stone (NYSE:RST) last issued its 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 business had revenue of $48 million for the quarter, compared to the consensus estimate of $47.14 million. The business’s revenue was down 17.8% compared to the same quarter last year. During the same quarter in the prior year, the firm posted ($0.95) earnings per share. Equities research analysts predict 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 raised its stake in 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 institutional investor 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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