Rogers (NYSE:ROG) Hits New 12-Month Low at $105.73

Rogers Co. (NYSE:ROG)’s stock price reached a new 52-week low on Wednesday . The stock traded as low as $105.73 and last traded at $105.82, with a volume of 164471 shares changing hands. The stock had previously closed at $109.74.

Rogers Stock Up 2.6 %

The company has a fifty day moving average of $115.35 and a two-hundred day moving average of $121.89. The company has a market cap of $2.04 billion, a PE ratio of 35.79 and a beta of 0.69. The company has a debt-to-equity ratio of 0.02, a quick ratio of 3.21 and a current ratio of 4.53.

Rogers (NYSE:ROG) last released its earnings results on Wednesday, February 21st. The electronics maker reported $0.60 earnings per share for the quarter, missing analysts’ consensus estimates of $1.00 by ($0.40). Rogers had a return on equity of 5.82% and a net margin of 6.23%. The business had revenue of $204.60 million during the quarter, compared to analysts’ expectations of $220.00 million. As a group, analysts anticipate that Rogers Co. will post 2.93 earnings per share for the current fiscal year.

Institutional Trading of Rogers

Hedge funds and other institutional investors have recently bought and sold shares of the business. Norges Bank bought a new position in shares of Rogers during the 4th quarter worth $197,666,000. BlackRock Inc. boosted its position in Rogers by 12.4% during the first quarter. BlackRock Inc. now owns 3,566,556 shares of the electronics maker’s stock valued at $582,882,000 after purchasing an additional 392,411 shares in the last quarter. Morgan Stanley boosted its position in Rogers by 118.4% during the third quarter. Morgan Stanley now owns 366,659 shares of the electronics maker’s stock valued at $48,205,000 after purchasing an additional 198,803 shares in the last quarter. Neuberger Berman Group LLC boosted its position in Rogers by 95.7% during the fourth quarter. Neuberger Berman Group LLC now owns 368,042 shares of the electronics maker’s stock valued at $48,607,000 after purchasing an additional 179,999 shares in the last quarter. Finally, Goldman Sachs Group Inc. boosted its position in Rogers by 110.9% during the first quarter. Goldman Sachs Group Inc. now owns 310,564 shares of the electronics maker’s stock valued at $84,380,000 after purchasing an additional 163,307 shares in the last quarter. Hedge funds and other institutional investors 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.