Rogers (NYSE:ROG) Reaches New 12-Month Low – Here’s What Happened

Rogers Co. (NYSE:ROG)’s share price reached a new 52-week low during trading on Wednesday . The company traded as low as $86.02 and last traded at $85.90, with a volume of 4192 shares traded. The stock had previously closed at $88.24.

Rogers Stock Down 2.3 %

The firm’s 50 day simple moving average is $98.88 and its two-hundred day simple moving average is $103.07. The stock has a market cap of $1.61 billion, a P/E ratio of 32.13 and a beta of 0.51.

Hedge Funds Weigh In On Rogers

A number of large investors have recently bought and sold shares of the business. Redwood Investment Management LLC lifted its holdings in shares of Rogers by 4.9% in the 3rd quarter. Redwood Investment Management LLC now owns 4,618 shares of the electronics maker’s stock worth $509,000 after purchasing an additional 216 shares during the last quarter. Inspire Investing LLC lifted its stake in Rogers by 5.7% in the fourth quarter. Inspire Investing LLC now owns 4,327 shares of the electronics maker’s stock valued at $440,000 after buying an additional 232 shares during the last quarter. KBC Group NV boosted its holdings in shares of Rogers by 54.5% during the third quarter. KBC Group NV now owns 669 shares of the electronics maker’s stock valued at $76,000 after acquiring an additional 236 shares during the period. Procyon Advisors LLC grew its position in shares of Rogers by 11.9% during the fourth quarter. Procyon Advisors LLC now owns 3,108 shares of the electronics maker’s stock worth $316,000 after acquiring an additional 331 shares during the last quarter. Finally, Truist Financial Corp increased its holdings in shares of Rogers by 16.8% in the 2nd quarter. Truist Financial Corp now owns 3,107 shares of the electronics maker’s stock worth $375,000 after acquiring an additional 448 shares during the period. Institutional investors own 96.02% of the company’s stock.

About Rogers

Rogers Corporation engages in the design, development, manufacture, and sale of engineered materials and components worldwide. It operates through Advanced Electronics Solutions (AES), Elastomeric Material Solutions (EMS), and Other segments. The AES segment offers circuit materials, ceramic substrate materials, busbars, and cooling solutions for applications in electric and hybrid electric vehicles (EV/HEV), wireless infrastructure, automotive, renewable energy, aerospace and defense, mass transit, industrial, connected devices, and wired infrastructure.