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

Rogers Co. (NYSE:ROG) hit a new 52-week low during trading on Wednesday . The company traded as low as $52.46 and last traded at $52.54, with a volume of 29431 shares changing hands. The stock had previously closed at $54.20.

Analyst Ratings Changes

Separately, CL King began coverage on Rogers in a research report on Monday, March 31st. They set a “buy” rating and a $85.00 target price for the company.

Rogers Trading Down 1.9 %

The firm’s fifty day moving average is $74.66 and its 200 day moving average is $92.49. The stock has a market cap of $984.36 million, a P/E ratio of 37.70 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, beating the consensus estimate of $0.43 by $0.03. Rogers had a return on equity of 3.98% and a net margin of 3.14%. The firm had revenue of $192.20 million during the quarter, compared to the consensus estimate of $191.75 million. During the same quarter in the prior year, the company earned $0.60 EPS. Research analysts forecast that Rogers Co. will post 3.57 earnings per share for the current fiscal year.

Institutional Trading of Rogers

Institutional investors have recently made changes to their positions in the business. GAMMA Investing LLC grew its stake in shares of Rogers by 243.5% in the 1st quarter. GAMMA Investing LLC now owns 371 shares of the electronics maker’s stock valued at $25,000 after purchasing an additional 263 shares during the period. Versant Capital Management Inc raised its stake in shares of Rogers by 698.9% in the first quarter. Versant Capital Management Inc now owns 703 shares of the electronics maker’s stock valued at $47,000 after acquiring an additional 615 shares during the last quarter. Sterling Capital Management LLC increased its holdings in 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 lifted its position in 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 buying an additional 354 shares in the last quarter. Finally, Central Pacific Bank Trust Division raised its position in Rogers by 125.0% in the 1st quarter. Central Pacific Bank Trust Division now owns 2,250 shares of the electronics maker’s stock worth $152,000 after purchasing an additional 1,250 shares during the last quarter. 96.02% of the stock is currently owned by institutional investors and hedge funds.

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.