Rogers (NYSE:ROG) Hits New 1-Year Low – Here’s Why

Rogers Co. (NYSE:ROG)’s stock price reached a new 52-week low during mid-day trading on Thursday . The stock traded as low as $84.53 and last traded at $85.01, with a volume of 112395 shares traded. The stock had previously closed at $85.68.

Rogers Trading Down 1.3 %

The firm has a fifty day simple moving average of $94.57 and a 200-day simple moving average of $101.11. The stock has a market cap of $1.48 billion, a price-to-earnings ratio of 56.60 and a beta of 0.51.

Rogers (NYSE:ROG) last posted its quarterly earnings data on Wednesday, February 19th. The electronics maker reported $0.46 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.43 by $0.03. Rogers had a return on equity of 3.98% and a net margin of 3.14%. The firm had revenue of $192.20 million for the quarter, compared to the consensus estimate of $191.75 million. During the same quarter in the prior year, the business earned $0.60 EPS. On average, equities analysts predict that Rogers Co. will post 3.57 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of ROG. Sterling Capital Management LLC raised its position in shares of Rogers by 810.8% during the 4th quarter. Sterling Capital Management LLC now owns 592 shares of the electronics maker’s stock valued at $60,000 after acquiring an additional 527 shares during the last quarter. KBC Group NV raised its position in shares of Rogers by 54.5% during the 3rd 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 last quarter. Covestor Ltd raised its position in shares of Rogers by 43.7% during the 4th quarter. Covestor Ltd now owns 1,164 shares of the electronics maker’s stock valued at $118,000 after acquiring an additional 354 shares during the last quarter. Bank of Montreal Can raised its position in shares of Rogers by 6.2% during the 4th quarter. Bank of Montreal Can now owns 2,022 shares of the electronics maker’s stock valued at $205,000 after acquiring an additional 118 shares during the last quarter. Finally, Vestmark Advisory Solutions Inc. bought a new stake in shares of Rogers during the 4th quarter valued at $222,000. Institutional investors and hedge funds 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.