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

Rogers Co. (NYSE:ROG) hit a new 52-week low on Friday . The company traded as low as $84.75 and last traded at $84.89, with a volume of 130587 shares traded. The stock had previously closed at $89.59.

Rogers Price Performance

The business’s 50-day moving average price is $96.05 and its two-hundred day moving average price is $101.65. The company has a market capitalization of $1.60 billion, a P/E ratio of 60.85 and a beta of 0.51.

Rogers (NYSE:ROG) last announced its quarterly 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 company had revenue of $192.20 million for the quarter, compared to analysts’ expectations of $191.75 million. Rogers had a net margin of 3.14% and a return on equity of 3.98%. During the same period last year, the firm posted $0.60 earnings per share. Research analysts expect that Rogers Co. will post 3.57 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Rogers

Hedge funds and other institutional investors have recently made changes to their positions in the company. Sterling Capital Management LLC lifted its position in Rogers by 810.8% in the 4th 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 in the last quarter. KBC Group NV lifted its position in 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 in the last quarter. Covestor Ltd lifted its position in Rogers by 43.7% in the 4th quarter. Covestor Ltd now owns 1,164 shares of the electronics maker’s stock valued at $118,000 after acquiring an additional 354 shares in the last quarter. Bank of Montreal Can lifted its position in Rogers by 6.2% in the 4th 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 in the last quarter. Finally, Vestmark Advisory Solutions Inc. bought a new stake in Rogers in the 4th quarter valued at $222,000. 96.02% of the stock is owned by institutional investors.

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.