Rogers Co. (NYSE:ROG - Get Free Report) dropped 3.6% during mid-day trading on Wednesday . The company traded as low as $74.96 and last traded at $75.02. Approximately 101,290 shares traded hands during trading, a decline of 28% from the average daily volume of 139,868 shares. The stock had previously closed at $77.79.
Rogers Stock Down 3.3 %
The company has a market capitalization of $1.33 billion, a P/E ratio of 51.11 and a beta of 0.56. The stock has a fifty day simple moving average of $86.55 and a 200-day simple moving average of $97.73.
Rogers (NYSE:ROG - Get Free Report) last announced its earnings results on Wednesday, February 19th. The electronics maker reported $0.46 earnings per share for the quarter, beating analysts' consensus estimates of $0.43 by $0.03. Rogers had a return on equity of 3.98% and a net margin of 3.14%. The company had revenue of $192.20 million during the quarter, compared to analyst estimates of $191.75 million. During the same period last year, the company posted $0.60 earnings per share. Analysts predict that Rogers Co. will post 3.57 earnings per share for the current fiscal year.
Institutional Trading of Rogers
A number of hedge funds and other institutional investors have recently made changes to their positions in ROG. 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 worth $205,000 after buying an additional 118 shares during the period. Redwood Investment Management LLC grew its position in shares of Rogers by 4.9% during the 3rd quarter. Redwood Investment Management LLC now owns 4,618 shares of the electronics maker's stock worth $509,000 after buying an additional 216 shares during the period. Inspire Investing LLC grew 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 buying an additional 232 shares during the period. KBC Group NV grew its position in shares of Rogers by 54.5% during the 3rd quarter. KBC Group NV now owns 669 shares of the electronics maker's stock worth $76,000 after buying an additional 236 shares during the period. Finally, Procyon Advisors LLC grew its position in shares of Rogers by 11.9% during the 4th quarter. Procyon Advisors LLC now owns 3,108 shares of the electronics maker's stock worth $316,000 after buying an additional 331 shares during the period. 96.02% of the stock is currently owned by institutional investors and hedge funds.
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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