Rogers (NYSE:ROG) Shares Down 6% – Time to Sell?

Rogers Co. (NYSE:ROG) traded down 6% during mid-day trading on Monday . The stock traded as low as $87.45 and last traded at $87.50. 95,457 shares changed hands during trading, a decline of 14% from the average session volume of 110,840 shares. The stock had previously closed at $93.05.

Rogers Price Performance

The stock’s 50 day moving average is $101.03 and its 200-day moving average is $104.90. The company has a market capitalization of $1.65 billion, a P/E ratio of 32.94 and a beta of 0.51.

Insider Buying and Selling

In other Rogers news, SVP Michael Reed Webb sold 416 shares of the company’s stock in a transaction dated Friday, November 8th. The shares were sold at an average price of $108.82, for a total value of $45,269.12. Following the sale, the senior vice president now owns 4,400 shares in the company, valued at approximately $478,808. This represents a 8.64 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 0.27% of the stock is owned by insiders.

Institutional Trading of Rogers

A number of hedge funds have recently made changes to their positions in ROG. KBC Group NV raised its stake in 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. Algert Global LLC bought a new position in shares of Rogers during the second quarter valued at $204,000. FMR LLC raised its position in shares of Rogers by 83.1% in the 3rd quarter. FMR LLC now owns 2,309 shares of the electronics maker’s stock worth $261,000 after purchasing an additional 1,048 shares during the last quarter. Hedges Asset Management LLC boosted its stake in Rogers by 23.8% in the 3rd quarter. Hedges Asset Management LLC now owns 2,600 shares of the electronics maker’s stock worth $294,000 after purchasing an additional 500 shares in the last quarter. Finally, Procyon Advisors LLC grew its position in Rogers by 22.5% during the 3rd quarter. Procyon Advisors LLC now owns 2,777 shares of the electronics maker’s stock valued at $314,000 after purchasing an additional 510 shares during the last quarter. 96.02% of the stock is owned by institutional investors.

Rogers Company Profile

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.