Rogers Co. (NYSE:ROG - Get Free Report)'s share price reached a new 52-week low on Thursday . The stock traded as low as $84.53 and last traded at $85.01, with a volume of 112395 shares changing hands. The stock had previously closed at $85.68.
Rogers Price Performance
The stock has a market capitalization of $1.38 billion, a price-to-earnings ratio of 52.72 and a beta of 0.51. The company's 50-day simple moving average is $94.17 and its 200-day simple moving average is $100.92.
Rogers (NYSE:ROG - Get Free Report) last released its quarterly earnings results on Wednesday, February 19th. The electronics maker reported $0.46 earnings per share for the quarter, topping the consensus estimate of $0.43 by $0.03. Rogers had a return on equity of 3.98% and a net margin of 3.14%. The business had revenue of $192.20 million during the quarter, compared to analysts' expectations of $191.75 million. During the same period last year, the firm posted $0.60 EPS. Research analysts expect that Rogers Co. will post 3.57 earnings per share for the current year.
Institutional Trading of Rogers
Several large investors have recently modified their holdings of ROG. JPMorgan Chase & Co. grew its stake in Rogers by 29.6% during the third quarter. JPMorgan Chase & Co. now owns 77,211 shares of the electronics maker's stock worth $8,726,000 after buying an additional 17,648 shares in the last quarter. Geode Capital Management LLC lifted its holdings in shares of Rogers by 1.3% during the 3rd quarter. Geode Capital Management LLC now owns 411,048 shares of the electronics maker's stock worth $46,461,000 after acquiring an additional 5,164 shares during the period. Invenomic Capital Management LP acquired a new stake in shares of Rogers during the 3rd quarter worth approximately $3,057,000. Jane Street Group LLC increased its stake in Rogers by 46.8% in the third quarter. Jane Street Group LLC now owns 27,011 shares of the electronics maker's stock valued at $3,053,000 after acquiring an additional 8,615 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. raised its position in Rogers by 5.5% during the third quarter. Charles Schwab Investment Management Inc. now owns 229,603 shares of the electronics maker's stock valued at $25,947,000 after purchasing an additional 11,876 shares in the last quarter. 96.02% of the stock is owned by institutional investors and hedge funds.
About Rogers
(
Get Free Report)
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.
Further Reading
Before you consider Rogers, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Rogers wasn't on the list.
While Rogers currently has a Hold rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Enter your email address and we'll send you MarketBeat's guide to investing in 5G and which 5G stocks show the most promise.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
