Rogers (NYSE:ROG) Hits New 1-Year Low - Here's What Happened

Rogers Co. (NYSE:ROG - Get Free Report)'s share price hit a new 52-week low during mid-day trading on Wednesday . The company traded as low as $93.60 and last traded at $94.02, with a volume of 56006 shares trading hands. The stock had previously closed at $96.86.

Rogers Trading Down 3.1 %

The stock has a market cap of $1.75 billion, a P/E ratio of 35.03 and a beta of 0.53. The company has a 50 day simple moving average of $101.69 and a 200 day simple moving average of $105.69.

Insider Activity at Rogers

In other Rogers news, SVP Michael Reed Webb sold 416 shares of the company's stock in a transaction on Friday, November 8th. The shares were sold at an average price of $108.82, for a total value of $45,269.12. Following the transaction, the senior vice president now directly owns 4,400 shares in the company, valued at $478,808. The trade was a 8.64 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Insiders own 1.35% of the company's stock.

Hedge Funds Weigh In On Rogers

Several institutional investors and hedge funds have recently modified their holdings of the business. KBC Group NV grew its position in shares of Rogers by 54.5% during the 3rd quarter. KBC Group NV now owns 669 shares of the electronics maker's stock worth $76,000 after purchasing an additional 236 shares in the last quarter. Central Pacific Bank Trust Division increased its position in shares of Rogers by 61.3% in the third quarter. Central Pacific Bank Trust Division now owns 1,000 shares of the electronics maker's stock worth $113,000 after purchasing an additional 380 shares during the period. Algert Global LLC acquired a new position in Rogers in the second quarter valued at about $204,000. FMR LLC grew its stake in Rogers by 83.1% during the third quarter. FMR LLC now owns 2,309 shares of the electronics maker's stock worth $261,000 after buying an additional 1,048 shares in the last quarter. Finally, SG Americas Securities LLC bought a new position in Rogers in the 4th quarter valued at about $286,000. 96.02% of the stock is currently owned by institutional investors and hedge funds.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.