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

Shares of Rogers Co. (NYSE:ROG - Get Free Report) reached a new 52-week low on Monday . The stock traded as low as $56.13 and last traded at $58.81, with a volume of 504089 shares. The stock had previously closed at $61.71.

Wall Street Analysts Forecast Growth

Separately, CL King began coverage on shares of Rogers in a report on Monday, March 31st. They set a "buy" rating and a $85.00 price target on the stock.

Rogers Stock Performance

The firm has a market cap of $1.04 billion, a P/E ratio of 39.83 and a beta of 0.51. The business's 50-day simple moving average is $76.08 and its 200 day simple moving average is $93.25.

Rogers (NYSE:ROG - Get Free Report) last announced its 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 business had revenue of $192.20 million during the quarter, compared to analysts' expectations of $191.75 million. During the same period in the prior year, the company earned $0.60 earnings per share. As a group, equities research analysts expect that Rogers Co. will post 3.57 EPS for the current year.

Institutional Investors Weigh In On Rogers

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Bank of Montreal Can increased 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 purchasing an additional 118 shares in the last quarter. Inspire Investing LLC grew its holdings in Rogers by 5.7% during the 4th quarter. Inspire Investing LLC now owns 4,327 shares of the electronics maker's stock valued at $440,000 after buying an additional 232 shares in the last quarter. Procyon Advisors LLC raised its position in shares of Rogers by 11.9% during the fourth quarter. Procyon Advisors LLC now owns 3,108 shares of the electronics maker's stock valued at $316,000 after buying an additional 331 shares during the last quarter. Covestor Ltd lifted 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 buying an additional 354 shares in the last quarter. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its position in shares of Rogers by 3.9% during the fourth quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 10,685 shares of the electronics maker's stock worth $1,086,000 after acquiring an additional 398 shares during the last quarter. 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.