Rogers (NYSE:ROG) Sets New 12-Month Low – Here’s Why

Rogers Co. (NYSE:ROG) shares hit a new 52-week low during trading on Wednesday . The company traded as low as $71.86 and last traded at $75.33, with a volume of 257617 shares trading hands. The stock had previously closed at $74.17.

Rogers Stock Performance

The stock has a market capitalization of $1.43 billion, a P/E ratio of 54.77 and a beta of 0.56. The stock has a 50-day simple moving average of $92.58 and a 200 day simple moving average of $100.31.

Rogers (NYSE:ROG) last posted its quarterly earnings results 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 business had revenue of $192.20 million for the quarter, compared to analyst estimates of $191.75 million. During the same period last year, the company earned $0.60 EPS. Equities analysts predict that Rogers Co. will post 3.57 earnings per share for the current year.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in ROG. Sterling Capital Management LLC boosted its position in shares of Rogers by 810.8% in the 4th quarter. Sterling Capital Management LLC now owns 592 shares of the electronics maker’s stock worth $60,000 after purchasing an additional 527 shares during the last quarter. KBC Group NV boosted its position in shares of Rogers by 54.5% in the 3rd quarter. KBC Group NV now owns 669 shares of the electronics maker’s stock worth $76,000 after purchasing an additional 236 shares during the last quarter. Covestor Ltd boosted its position in shares of Rogers by 43.7% in the 4th quarter. Covestor Ltd now owns 1,164 shares of the electronics maker’s stock worth $118,000 after purchasing an additional 354 shares during the last quarter. Bank of Montreal Can boosted its position in shares of Rogers by 6.2% in the 4th quarter. Bank of Montreal Can now owns 2,022 shares of the electronics maker’s stock worth $205,000 after purchasing an additional 118 shares during the last quarter. Finally, Vestmark Advisory Solutions Inc. bought a new position in shares of Rogers in the 4th quarter worth $222,000. 96.02% of the stock is currently 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.