Rogers (NYSE:ROG) Hits New 12-Month Low at $105.73

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

Rogers Stock Performance

The company has a debt-to-equity ratio of 0.02, a quick ratio of 3.21 and a current ratio of 4.53. The stock has a market cap of $2.04 billion, a P/E ratio of 35.79 and a beta of 0.69. The company’s 50 day moving average price is $115.35 and its 200-day moving average price is $121.89.

Rogers (NYSE:ROG) last posted its quarterly earnings results on Wednesday, February 21st. The electronics maker reported $0.60 earnings per share for the quarter, missing the consensus estimate of $1.00 by ($0.40). The company had revenue of $204.60 million for the quarter, compared to the consensus estimate of $220.00 million. Rogers had a net margin of 6.23% and a return on equity of 5.82%. Equities analysts forecast that Rogers Co. will post 2.93 EPS for the current fiscal year.

Hedge Funds Weigh In On Rogers

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. BlackRock Inc. lifted its holdings in shares of Rogers by 12.4% in the first quarter. BlackRock Inc. now owns 3,566,556 shares of the electronics maker’s stock worth $582,882,000 after buying an additional 392,411 shares in the last quarter. Vanguard Group Inc. lifted its holdings in shares of Rogers by 1.5% in the third quarter. Vanguard Group Inc. now owns 2,091,859 shares of the electronics maker’s stock worth $505,978,000 after buying an additional 31,905 shares in the last quarter. Norges Bank purchased a new stake in shares of Rogers in the fourth quarter worth about $197,666,000. Capital Research Global Investors lifted its holdings in shares of Rogers by 2.8% in the fourth quarter. Capital Research Global Investors now owns 1,461,059 shares of the electronics maker’s stock worth $192,962,000 after buying an additional 39,116 shares in the last quarter. Finally, Victory Capital Management Inc. raised its stake in Rogers by 12.1% in the fourth quarter. Victory Capital Management Inc. now owns 758,251 shares of the electronics maker’s stock valued at $100,142,000 after purchasing an additional 81,771 shares in 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.