Rogers (NYSE:ROG) Sets New 52-Week Low – Time to Sell?

Shares of Rogers Co. (NYSE:ROG) reached a new 52-week low during trading on Monday . The stock traded as low as $56.13 and last traded at $58.81, with a volume of 504089 shares trading hands. The stock had previously closed at $61.71.

Analyst Upgrades and Downgrades

Separately, CL King began coverage on shares of Rogers in a research note on Monday, March 31st. They issued a “buy” rating and a $85.00 price objective for the company.

Rogers Trading Down 0.1 %

The firm has a market capitalization of $1.13 billion, a P/E ratio of 43.16 and a beta of 0.51. The firm has a 50 day moving average price of $80.83 and a 200-day moving average price of $95.31.

Rogers (NYSE:ROG) last issued its quarterly earnings results on Wednesday, February 19th. The electronics maker reported $0.46 earnings per share (EPS) for the quarter, topping 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 the consensus estimate of $191.75 million. During the same period last year, the company earned $0.60 earnings per share. Research analysts anticipate that Rogers Co. will post 3.57 earnings per share for the current year.

Institutional Trading of Rogers

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Versant Capital Management Inc boosted its position in shares of Rogers by 698.9% during the first quarter. Versant Capital Management Inc now owns 703 shares of the electronics maker’s stock valued at $47,000 after buying an additional 615 shares during the period. Sterling Capital Management LLC boosted its holdings in Rogers by 810.8% during the 4th quarter. Sterling Capital Management LLC now owns 592 shares of the electronics maker’s stock valued at $60,000 after acquiring an additional 527 shares during the period. Covestor Ltd boosted its holdings 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 acquiring an additional 354 shares during the period. Central Pacific Bank Trust Division grew its position in Rogers by 125.0% in the 1st quarter. Central Pacific Bank Trust Division now owns 2,250 shares of the electronics maker’s stock valued at $152,000 after acquiring an additional 1,250 shares during the last quarter. Finally, Bank of Montreal Can increased its stake in Rogers by 6.2% in the fourth 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. 96.02% of the stock is owned by hedge funds and other 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.