Barrington Research Maintains Market Perform Rating on Rosetta Stone

Barrington Research has maintained Rosetta Stone's

Market Perform rating on the heels of the company's latest earnings results in a research report out today. In the report, Barrington Research writes, "We continue to like the Rosetta Stone story longer term. Management is acting in the near term to address current deficiencies (including reengineering its cost structure) and is focused on shifting its business model to one that will position the company for long-term success (to more digital distribution). Despite an attractive valuation (stock less than half of its 2009 IPO price of $18) and with over $5 per share in cash (and no debt), we remain on the sidelines with regard to our rating (MARKET PERFORM) due to the lack of near-term visibility." Shares of Rosetta Stone are currently trading at $9.73, up 5.19% from yesterday's market close.