Rogers (NYSE:ROG) Sets New 52-Week Low – Time to Sell?

Rogers Co. (NYSE:ROG)’s stock price hit a new 52-week low during trading on Tuesday . The company traded as low as $71.13 and last traded at $71.50, with a volume of 60191 shares traded. The stock had previously closed at $73.26.

Rogers Price Performance

The stock has a market cap of $1.31 billion, a PE ratio of 50.24 and a beta of 0.56. The business has a 50 day moving average price of $86.13 and a two-hundred day moving average price of $97.48.

Rogers (NYSE:ROG) last released its quarterly earnings data on Wednesday, February 19th. The electronics maker reported $0.46 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.43 by $0.03. Rogers had a net margin of 3.14% and a return on equity of 3.98%. The firm had revenue of $192.20 million for the quarter, compared to analysts’ expectations of $191.75 million. During the same quarter in the previous year, the company earned $0.60 earnings per share. On average, sell-side analysts forecast that Rogers Co. will post 3.57 earnings per share for the current fiscal year.

Institutional Trading of Rogers

Several large investors have recently added to or reduced their stakes in the stock. Sterling Capital Management LLC boosted its stake in shares of Rogers by 810.8% during the 4th quarter. Sterling Capital Management LLC now owns 592 shares of the electronics maker’s stock valued at $60,000 after purchasing an additional 527 shares in the last quarter. Covestor Ltd grew its holdings in shares of Rogers by 43.7% during the 4th quarter. Covestor Ltd now owns 1,164 shares of the electronics maker’s stock worth $118,000 after acquiring an additional 354 shares during the period. Bank of Montreal Can raised its position in shares of 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 acquiring an additional 118 shares in the last quarter. Vestmark Advisory Solutions Inc. purchased a new position in shares of Rogers in the 4th quarter valued at approximately $222,000. Finally, FMR LLC boosted its position in shares of Rogers by 83.1% during the third quarter. FMR LLC now owns 2,309 shares of the electronics maker’s stock valued at $261,000 after purchasing an additional 1,048 shares in the last quarter. Institutional investors own 96.02% of the company’s stock.

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.