Rogers (NYSE:ROG) Sees Strong Trading Volume – Still a Buy?

Rogers Co. (NYSE:ROG) saw unusually-strong trading volume on Wednesday . Approximately 245,622 shares were traded during mid-day trading, an increase of 73% from the previous session’s volume of 142,001 shares.The stock last traded at $70.32 and had previously closed at $70.82.

Rogers Trading Down 4.4 %

The firm has a market cap of $1.25 billion, a PE ratio of 48.04 and a beta of 0.56. The company has a 50 day moving average price of $84.63 and a 200 day moving average price of $96.91.

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

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the company. Sterling Capital Management LLC grew its position in shares of Rogers by 810.8% during the fourth quarter. Sterling Capital Management LLC now owns 592 shares of the electronics maker’s stock worth $60,000 after acquiring an additional 527 shares during the last quarter. Covestor Ltd boosted its stake in Rogers by 43.7% during the 4th quarter. Covestor Ltd now owns 1,164 shares of the electronics maker’s stock valued at $118,000 after purchasing an additional 354 shares during the period. Bank of Montreal Can grew 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 worth $205,000 after purchasing an additional 118 shares during the last quarter. Vestmark Advisory Solutions Inc. acquired a new stake in shares of Rogers in the fourth quarter valued at approximately $222,000. Finally, FMR LLC raised its holdings 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 buying an additional 1,048 shares during 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.