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

Shares of Rogers Co. (NYSE:ROG) hit a new 52-week low during trading on Wednesday . The stock 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 Price Performance

The firm has a fifty day simple moving average of $93.63 and a 200 day simple moving average of $100.69. The company has a market cap of $1.39 billion, a price-to-earnings ratio of 53.42 and a beta of 0.51.

Rogers (NYSE:ROG) last announced 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. The business had revenue of $192.20 million for the quarter, compared to the consensus estimate of $191.75 million. Rogers had a net margin of 3.14% and a return on equity of 3.98%. During the same quarter last year, the company posted $0.60 earnings per share. Analysts expect that Rogers Co. will post 3.57 earnings per share for the current year.

Institutional Investors Weigh In On Rogers

Several institutional investors and hedge funds have recently made changes to their positions in ROG. Creative Planning raised its holdings in Rogers by 26.1% during the 3rd quarter. Creative Planning now owns 5,531 shares of the electronics maker’s stock worth $625,000 after purchasing an additional 1,144 shares during the last quarter. Oppenheimer Asset Management Inc. bought a new stake in shares of Rogers in the 3rd quarter valued at about $388,000. KBC Group NV increased its stake in shares of Rogers by 54.5% in 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. Royce & Associates LP increased its stake in shares of Rogers by 0.7% in the 3rd quarter. Royce & Associates LP now owns 543,946 shares of the electronics maker’s stock valued at $61,471,000 after acquiring an additional 3,584 shares during the last quarter. Finally, Nuance Investments LLC increased its stake in shares of Rogers by 70.2% in the 3rd quarter. Nuance Investments LLC now owns 639,936 shares of the electronics maker’s stock valued at $72,319,000 after acquiring an additional 263,898 shares during the last quarter. 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.