Rogers (NYSE:ROG) Reaches New 1-Year Low - Should You Sell?

Rogers Co. (NYSE:ROG - Get Free Report) hit a new 52-week low during mid-day trading on Wednesday . The company traded as low as $86.02 and last traded at $85.90, with a volume of 4192 shares trading hands. The stock had previously closed at $88.24.

Rogers Price Performance

The business has a fifty day moving average of $97.84 and a 200-day moving average of $102.49. The stock has a market cap of $1.66 billion, a PE ratio of 33.24 and a beta of 0.51.

Institutional Trading of Rogers

A number of hedge funds have recently bought and sold shares of ROG. Sterling Capital Management LLC increased its position in shares of Rogers by 810.8% in the 4th quarter. Sterling Capital Management LLC now owns 592 shares of the electronics maker's stock valued at $60,000 after acquiring an additional 527 shares during the period. KBC Group NV increased its position in shares of Rogers by 54.5% in the 3rd quarter. KBC Group NV now owns 669 shares of the electronics maker's stock valued at $76,000 after acquiring an additional 236 shares during the period. Covestor Ltd grew its position in Rogers by 43.7% during the 4th quarter. Covestor Ltd now owns 1,164 shares of the electronics maker's stock worth $118,000 after purchasing an additional 354 shares during the period. Bank of Montreal Can grew its position in Rogers by 6.2% during 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 period. Finally, Vestmark Advisory Solutions Inc. acquired a new stake in Rogers during the 4th quarter worth about $222,000. Hedge funds and other institutional investors own 96.02% of the company's stock.

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.