In a word..no.
It's suspended in oil. And while oil can freeze, it needs to be alot colder than what water would freeze at.
PLUS! Did you know that water is one of the only liquids that expands when it turns solid? Most other liquids (including oils) actually shrink in size when they freeze.
Your test may fall out of solution tho.. If this happens.. throw the vial in the microwave for 30seconds and it should be fine.
RIP BigJim33 & GearedUp: You are sorely missed my friends.
Hindsight is always 20/20. But looking back it's still a bit fuzzy.