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

Rogers Co. (NYSE:ROG)’s share price reached a new 52-week low during mid-day trading on Wednesday . The stock traded as low as $86.02 and last traded at $85.90, with a volume of 4192 shares trading hands. The stock had previously closed at $88.24.

Rogers Stock Down 2.3 %

The firm has a market cap of $1.61 billion, a price-to-earnings ratio of 32.13 and a beta of 0.51. The stock’s 50 day moving average is $98.88 and its 200 day moving average is $103.07.

Hedge Funds Weigh In On Rogers

Several hedge funds have recently modified their holdings of the company. KBC Group NV lifted its holdings in shares of Rogers by 54.5% in 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 period. Vestmark Advisory Solutions Inc. bought a new stake in Rogers in the fourth quarter worth about $222,000. FMR LLC lifted its holdings in Rogers by 83.1% in the 3rd quarter. FMR LLC now owns 2,309 shares of the electronics maker’s stock valued at $261,000 after acquiring an additional 1,048 shares during the last quarter. SG Americas Securities LLC bought a new position in shares of Rogers during the 4th quarter valued at about $286,000. Finally, Hedges Asset Management LLC boosted its position in shares of Rogers by 23.8% during the 3rd quarter. Hedges Asset Management LLC now owns 2,600 shares of the electronics maker’s stock valued at $294,000 after purchasing an additional 500 shares in the last quarter. 96.02% of the stock is currently owned by institutional investors and hedge funds.

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.