Rogers (NYSE:ROG) Reaches New 1-Year Low – What’s Next?

Rogers Co. (NYSE:ROG) reached a new 52-week low during mid-day trading on Wednesday . The company traded as low as $93.60 and last traded at $94.02, with a volume of 56006 shares. The stock had previously closed at $96.86.

Rogers Stock Down 0.9 %

The stock has a fifty day moving average of $101.29 and a 200-day moving average of $105.52. The stock has a market cap of $1.74 billion, a PE ratio of 34.72 and a beta of 0.53.

Insider Activity at Rogers

In other news, SVP Michael Reed Webb sold 416 shares of the firm’s stock in a transaction that occurred on Friday, November 8th. The shares were sold at an average price of $108.82, for a total transaction of $45,269.12. Following the completion of the transaction, the senior vice president now directly owns 4,400 shares of the company’s stock, valued at $478,808. This trade represents a 8.64 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. 1.35% of the stock is owned by insiders.

Hedge Funds Weigh In On Rogers

Several hedge funds and other institutional investors have recently made changes to their positions in ROG. Envestnet Asset Management Inc. lifted its holdings in shares of Rogers by 7.7% during the 2nd quarter. Envestnet Asset Management Inc. now owns 19,595 shares of the electronics maker’s stock valued at $2,363,000 after acquiring an additional 1,402 shares in the last quarter. Hsbc Holdings PLC lifted its holdings in Rogers by 15.3% in the 2nd quarter. Hsbc Holdings PLC now owns 2,797 shares of the electronics maker’s stock worth $339,000 after buying an additional 371 shares in the last quarter. Millennium Management LLC lifted its holdings in Rogers by 289.3% in the 2nd quarter. Millennium Management LLC now owns 97,224 shares of the electronics maker’s stock worth $11,726,000 after buying an additional 72,252 shares in the last quarter. The Manufacturers Life Insurance Company lifted its holdings in Rogers by 9.6% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 10,064 shares of the electronics maker’s stock worth $1,214,000 after buying an additional 885 shares in the last quarter. Finally, Algert Global LLC acquired a new position in Rogers in the 2nd quarter worth $204,000. 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.