Rogers Co. (NYSE:ROG - Get Free Report)'s share price reached a new 52-week low during trading on Tuesday . The company traded as low as $71.13 and last traded at $71.50, with a volume of 60191 shares. The stock had previously closed at $73.26.
Rogers Price Performance
The firm has a market capitalization of $1.25 billion, a P/E ratio of 48.04 and a beta of 0.56. The company has a fifty day moving average of $84.08 and a 200 day moving average of $96.69.
Rogers (NYSE:ROG - Get Free Report) last posted its quarterly earnings data on Wednesday, February 19th. The electronics maker reported $0.46 EPS for the quarter, beating analysts' consensus estimates of $0.43 by $0.03. The company 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 period in the prior year, the firm posted $0.60 EPS. On average, sell-side analysts forecast that Rogers Co. will post 3.57 EPS for the current year.
Institutional Trading of Rogers
Several institutional investors and hedge funds have recently made changes to their positions in ROG. Sterling Capital Management LLC raised its position in shares of Rogers by 810.8% in the fourth quarter. Sterling Capital Management LLC now owns 592 shares of the electronics maker's stock valued at $60,000 after purchasing an additional 527 shares during the period. Covestor Ltd grew its position in Rogers by 43.7% during the fourth quarter. Covestor Ltd now owns 1,164 shares of the electronics maker's stock valued at $118,000 after acquiring an additional 354 shares during the last quarter. Bank of Montreal Can increased its stake in Rogers by 6.2% in 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. Vestmark Advisory Solutions Inc. bought a new position in shares of Rogers during the fourth quarter valued at about $222,000. Finally, FMR LLC lifted its stake in Rogers by 83.1% in the third quarter. FMR LLC now owns 2,309 shares of the electronics maker's stock worth $261,000 after acquiring an additional 1,048 shares during the period. Hedge funds and other institutional investors own 96.02% of the company's stock.
Rogers Company Profile
(
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.
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