Rogers (NYSE:ROG) Reaches New 12-Month Low – Should You Sell?

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

Rogers Stock Performance

The firm’s 50-day simple moving average is $96.05 and its 200 day simple moving average is $101.65. The stock 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 issued its quarterly earnings results on Wednesday, February 19th. The electronics maker reported $0.46 EPS for the quarter, topping 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 firm had revenue of $192.20 million for the quarter, compared to analysts’ expectations of $191.75 million. During the same period in the previous year, the firm posted $0.60 EPS. As a group, research analysts expect that Rogers Co. will post 3.57 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Rogers

Several institutional investors and hedge funds have recently added to or reduced their stakes in the business. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its position in Rogers by 7.8% during the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 48,730 shares of the electronics maker’s stock worth $4,951,000 after buying an additional 3,520 shares in the last quarter. State of Wyoming increased its stake in shares of Rogers by 5.6% during the 4th quarter. State of Wyoming now owns 14,069 shares of the electronics maker’s stock worth $1,430,000 after purchasing an additional 745 shares during the last quarter. ProShare Advisors LLC increased its stake in shares of Rogers by 44.9% during the 4th quarter. ProShare Advisors LLC now owns 5,625 shares of the electronics maker’s stock worth $572,000 after purchasing an additional 1,742 shares during the last quarter. Nomura Holdings Inc. acquired a new position in shares of Rogers during the 4th quarter worth about $773,000. Finally, Occudo Quantitative Strategies LP increased its stake in shares of Rogers by 39.1% during the 4th quarter. Occudo Quantitative Strategies LP now owns 3,921 shares of the electronics maker’s stock worth $398,000 after purchasing an additional 1,103 shares during the last quarter. 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.