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

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

Rogers Stock Down 0.8 %

The stock has a market cap of $1.59 billion, a P/E ratio of 60.29 and a beta of 0.51. The business’s 50-day simple moving average is $94.98 and its two-hundred day simple moving average is $101.25.

Rogers (NYSE:ROG) last issued 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 quarter last year, the business earned $0.60 earnings per share. Analysts anticipate that Rogers Co. will post 3.57 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Rogers

Large investors have recently modified their holdings of the company. Sterling Capital Management LLC boosted its position in shares of Rogers by 810.8% in the fourth quarter. Sterling Capital Management LLC now owns 592 shares of the electronics maker’s stock valued at $60,000 after acquiring an additional 527 shares during the period. KBC Group NV boosted its position 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 acquiring an additional 236 shares during the period. Covestor Ltd boosted its position in shares of Rogers by 43.7% in the fourth quarter. Covestor Ltd now owns 1,164 shares of the electronics maker’s stock valued at $118,000 after acquiring an additional 354 shares during the period. Bank of Montreal Can boosted its position in shares of Rogers by 6.2% in the fourth quarter. Bank of Montreal Can now owns 2,022 shares of the electronics maker’s stock valued at $205,000 after acquiring an additional 118 shares during the period. Finally, Vestmark Advisory Solutions Inc. bought a new position in shares of Rogers in the fourth quarter valued at approximately $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.