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

Rogers Co. (NYSE:ROG) shares reached a new 52-week low during trading on Thursday . The company traded as low as $84.53 and last traded at $85.01, with a volume of 112395 shares trading hands. The stock had previously closed at $85.68.

Rogers Stock Performance

The stock’s 50-day moving average is $94.57 and its 200 day moving average is $101.11. The firm has a market cap of $1.48 billion, a P/E ratio of 56.60 and a beta of 0.51.

Rogers (NYSE:ROG) last announced its earnings results on Wednesday, February 19th. The electronics maker reported $0.46 earnings per share for the quarter, topping analysts’ consensus estimates of $0.43 by $0.03. The firm had revenue of $192.20 million during the quarter, compared to analyst estimates of $191.75 million. Rogers had a net margin of 3.14% and a return on equity of 3.98%. During the same period in the prior year, the business earned $0.60 EPS. On average, research analysts anticipate that Rogers Co. will post 3.57 EPS for the current year.

Hedge Funds Weigh In On Rogers

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Sterling Capital Management LLC boosted its stake in 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 period. KBC Group NV boosted its stake in 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 period. Covestor Ltd boosted its stake in 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 period. Bank of Montreal Can boosted its stake in 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 period. Finally, Vestmark Advisory Solutions Inc. acquired a new position in Rogers in the 4th quarter worth $222,000. 96.02% of the stock is 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.