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Rosetta Stone (NYSE:RST) shares reached a new 52-week low during trading on Wednesday following a dissappointing earnings announcement, AnalystRatingsNetwork reports. The company traded as low as $8.51 and last traded at $9.11, with a volume of 446,644 shares trading hands. The stock had previously closed at $9.98.

The company reported ($0.74) earnings per share for the quarter, missing the analysts’ consensus estimate of ($0.18) by $0.56. The company had revenue of $57.31 million for the quarter, compared to the consensus estimate of $66.47 million. During the same quarter last year, the company posted ($0.03) earnings per share. Rosetta Stone’s revenue was down 7.8% compared to the same quarter last year.

A number of analysts have recently weighed in on RST shares. Analysts at Zacks upgraded shares of Rosetta Stone from an “underperform” rating to a “neutral” rating in a research note on Tuesday, July 8th. They now have a $10.20 price target on the stock.

The stock’s 50-day moving average is $9.62 and its 200-day moving average is $10.62. The company’s market cap is $193.6 million.

Rosetta Stone Inc, is a provider of technology-based language learning solutions. The Company develops , markets, and sells language-learning solutions consisting of software, online services, mobile applications and audio practice tools primarily under its Rosetta Stone brand.

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