Rosetta Stone Inc. (RST) Hits New 1-Year High at $9.20
Rosetta Stone Inc. (NYSE:RST)’s share price reached a new 52-week high during trading on Tuesday . The stock traded as high as $9.20 and last traded at $9.11, with a volume of 134,662 shares changing hands. The stock had previously closed at $9.09.
Separately, Zacks Investment Research lowered shares of Rosetta Stone from a “hold” rating to a “sell” rating in a report on Saturday, July 30th.
The company’s 50-day moving average is $8.06 and its 200-day moving average is $7.60. The firm’s market cap is $201.14 million.
Rosetta Stone (NYSE:RST) last announced its earnings results on Wednesday, August 3rd. The company reported ($0.41) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.67) by $0.26. The business had revenue of $45.70 million for the quarter, compared to the consensus estimate of $42.93 million. During the same quarter last year, the firm posted ($0.38) earnings per share. The business’s quarterly revenue was down 11.1% compared to the same quarter last year. On average, equities research analysts forecast that Rosetta Stone Inc. will post ($1.94) earnings per share for the current 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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