Rogers (NYSE:ROG) Sets New 12-Month Low – What’s Next?

Rogers Co. (NYSE:ROG) reached a new 52-week low during trading on Thursday . The company traded as low as $71.76 and last traded at $72.64, with a volume of 87785 shares. The stock had previously closed at $74.43.

Rogers Price Performance

The stock has a market capitalization of $1.45 billion, a PE ratio of 55.54 and a beta of 0.56. The business has a 50 day moving average price of $89.37 and a 200 day moving average price of $99.08.

Rogers (NYSE:ROG) last released its earnings results on Wednesday, February 19th. The electronics maker reported $0.46 EPS for the quarter, topping analysts’ consensus estimates 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 analysts’ expectations of $191.75 million. During the same period in the prior year, the firm posted $0.60 earnings per share. On average, equities analysts expect that Rogers Co. will post 3.57 earnings per share for the current year.

Institutional Investors Weigh In On Rogers

A number of institutional investors have recently modified their holdings of the stock. Bank of Montreal Can grew its stake in shares of Rogers by 6.2% in the fourth quarter. Bank of Montreal Can now owns 2,022 shares of the electronics maker’s stock worth $205,000 after acquiring an additional 118 shares during the last quarter. Redwood Investment Management LLC boosted its position in shares of Rogers by 4.9% during the third quarter. Redwood Investment Management LLC now owns 4,618 shares of the electronics maker’s stock valued at $509,000 after buying an additional 216 shares during the last quarter. Inspire Investing LLC boosted its position in shares of Rogers by 5.7% during 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 position 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 buying an additional 236 shares during the last quarter. Finally, Procyon Advisors LLC boosted 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 valued at $316,000 after buying an additional 331 shares during the last quarter. 96.02% of the stock is owned by hedge funds and other institutional investors.

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.