Rogers (NYSE:ROG) Sets New 52-Week Low at $105.73

Rogers Co. (NYSE:ROG)’s share price reached a new 52-week low during mid-day trading on Wednesday . The stock traded as low as $105.73 and last traded at $105.82, with a volume of 164471 shares changing hands. The stock had previously closed at $109.74.

Rogers Price Performance

The company has a 50 day moving average price of $115.79 and a 200-day moving average price of $122.11. The company has a quick ratio of 3.21, a current ratio of 4.53 and a debt-to-equity ratio of 0.02. The company has a market cap of $1.97 billion, a price-to-earnings ratio of 34.92 and a beta of 0.69.

Rogers (NYSE:ROG) last released its quarterly earnings data on Wednesday, February 21st. The electronics maker reported $0.60 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.00 by ($0.40). Rogers had a net margin of 6.23% and a return on equity of 5.82%. The firm had revenue of $204.60 million during the quarter, compared to analyst estimates of $220.00 million. As a group, equities research analysts predict that Rogers Co. will post 2.93 EPS for the current fiscal year.

Institutional Trading of Rogers

Institutional investors have recently added to or reduced their stakes in the stock. Belpointe Asset Management LLC boosted its holdings in Rogers by 115.8% in the first quarter. Belpointe Asset Management LLC now owns 164 shares of the electronics maker’s stock valued at $27,000 after acquiring an additional 88 shares during the last quarter. BKM Wealth Management LLC bought a new position in shares of Rogers during the 4th quarter worth approximately $30,000. Covestor Ltd boosted its holdings in shares of Rogers by 5,866.7% during the 1st quarter. Covestor Ltd now owns 358 shares of the electronics maker’s stock worth $97,000 after buying an additional 352 shares in the last quarter. Tower Research Capital LLC TRC boosted its holdings in shares of Rogers by 29.1% during the 2nd quarter. Tower Research Capital LLC TRC now owns 750 shares of the electronics maker’s stock worth $121,000 after buying an additional 169 shares in the last quarter. Finally, Royal Bank of Canada boosted its holdings in shares of Rogers by 20.7% during the 3rd quarter. Royal Bank of Canada now owns 798 shares of the electronics maker’s stock worth $193,000 after buying an additional 137 shares in the last quarter. 96.02% of the stock is currently owned by institutional investors.

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.