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

Rogers Co. (NYSE:ROG) reached a new 52-week low on Monday . The stock traded as low as $56.13 and last traded at $58.81, with a volume of 504089 shares. The stock had previously closed at $61.71.

Analyst Ratings Changes

Separately, CL King initiated 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 Price Performance

The firm has a market capitalization of $1.08 billion, a P/E ratio of 41.48 and a beta of 0.51. The stock’s 50 day moving average is $78.67 and its two-hundred day moving average is $94.44.

Rogers (NYSE:ROG) last issued its earnings results on Wednesday, February 19th. The electronics maker reported $0.46 EPS for the quarter, beating the consensus estimate of $0.43 by $0.03. Rogers had a net margin of 3.14% and a return on equity of 3.98%. The company had revenue of $192.20 million during the quarter, compared to analysts’ expectations of $191.75 million. During the same quarter in the previous year, the company posted $0.60 EPS. As a group, equities research analysts expect that Rogers Co. will post 3.57 EPS for the current year.

Hedge Funds Weigh In On Rogers

Institutional investors have recently modified their holdings of the business. Bank of Montreal Can lifted its stake in 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 buying an additional 118 shares in the last quarter. Inspire Investing LLC lifted its position in Rogers by 5.7% in the 4th quarter. Inspire Investing LLC now owns 4,327 shares of the electronics maker’s stock valued at $440,000 after acquiring an additional 232 shares in the last quarter. Procyon Advisors LLC boosted its stake in Rogers by 11.9% in the 4th quarter. Procyon Advisors LLC now owns 3,108 shares of the electronics maker’s stock worth $316,000 after purchasing an additional 331 shares during the period. Covestor Ltd increased its holdings 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 purchasing an additional 354 shares in the last quarter. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its stake in shares of Rogers by 3.9% in the 4th quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 10,685 shares of the electronics maker’s stock valued at $1,086,000 after purchasing an additional 398 shares during the period. 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.