Rogers (NYSE:ROG) Reaches New 12-Month Low - Should You Sell?

Rogers Co. (NYSE:ROG - Get Free Report)'s stock price reached a new 52-week low during trading on Monday . The stock traded as low as $65.70 and last traded at $66.78, with a volume of 8767 shares traded. The stock had previously closed at $67.58.

Analyst Upgrades and Downgrades

Separately, CL King assumed coverage on Rogers in a research note on Monday. They set a "buy" rating and a $85.00 price objective for the company.

Rogers Stock Down 6.0 %

The firm has a market cap of $1.07 billion, a P/E ratio of 40.98 and a beta of 0.51. The business's 50 day moving average is $81.61 and its 200-day moving average is $95.75.

Rogers (NYSE:ROG - Get Free Report) last issued its earnings results on Wednesday, February 19th. The electronics maker reported $0.46 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.43 by $0.03. The business had revenue of $192.20 million for the quarter, compared to analyst estimates of $191.75 million. Rogers had a net margin of 3.14% and a return on equity of 3.98%. During the same quarter in the prior year, the business posted $0.60 EPS. As a group, equities analysts predict that Rogers Co. will post 3.57 earnings per share for the current year.

Institutional Trading of Rogers

A number of institutional investors and hedge funds have recently modified their holdings of the business. Bank of Montreal Can grew its position in shares of Rogers by 6.2% during the 4th quarter. Bank of Montreal Can now owns 2,022 shares of the electronics maker's stock valued at $205,000 after buying an additional 118 shares during the last quarter. Redwood Investment Management LLC grew its holdings in shares of Rogers by 4.9% during the third quarter. Redwood Investment Management LLC now owns 4,618 shares of the electronics maker's stock valued at $509,000 after purchasing an additional 216 shares during the last quarter. Inspire Investing LLC raised its position in shares of Rogers by 5.7% during the 4th quarter. Inspire Investing LLC now owns 4,327 shares of the electronics maker's stock worth $440,000 after purchasing an additional 232 shares during the period. Procyon Advisors LLC lifted its holdings 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 purchasing an additional 331 shares during the last quarter. Finally, Covestor Ltd boosted its position in Rogers by 43.7% during the 4th quarter. Covestor Ltd now owns 1,164 shares of the electronics maker's stock valued at $118,000 after purchasing an additional 354 shares during the period. 96.02% of the stock is 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.