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

Rogers Co. (NYSE:ROG)’s share price hit a new 52-week low during mid-day 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 Stock Performance

The company has a market capitalization of $1.31 billion, a PE ratio of 50.24 and a beta of 0.56. The company’s 50-day moving average is $86.13 and its 200 day moving average is $97.48.

Rogers (NYSE:ROG) last posted its quarterly earnings results on Wednesday, February 19th. The electronics maker reported $0.46 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 prior year, the company posted $0.60 earnings per share. On average, analysts forecast that Rogers Co. will post 3.57 EPS for the current fiscal year.

Institutional Inflows and Outflows

Several hedge funds have recently modified their holdings of ROG. Bank of Montreal Can grew its stake in shares of Rogers by 6.2% in the fourth 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 during the period. Redwood Investment Management LLC lifted its holdings in shares of Rogers by 4.9% during the 3rd quarter. Redwood Investment Management LLC now owns 4,618 shares of the electronics maker’s stock valued at $509,000 after buying an additional 216 shares during the period. Inspire Investing LLC boosted its stake in shares of Rogers by 5.7% in the 4th quarter. Inspire Investing LLC now owns 4,327 shares of the electronics maker’s stock worth $440,000 after buying an additional 232 shares during the last quarter. Procyon Advisors LLC boosted its stake in shares of 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 buying an additional 331 shares during the last quarter. Finally, Covestor Ltd grew its holdings in shares of Rogers by 43.7% in the fourth 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. Hedge funds and other 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.