Rogers Co. (NYSE:ROG - Get Free Report)'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 traded. The stock had previously closed at $109.74.
Rogers Trading Down 3.6 %
The stock has a market cap of $1.97 billion, a price-to-earnings ratio of 34.90 and a beta of 0.69. The business's 50 day moving average is $115.57 and its 200 day moving average is $121.99. The company has a debt-to-equity ratio of 0.02, a current ratio of 4.53 and a quick ratio of 3.21.
Rogers (NYSE:ROG - Get Free Report) 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 return on equity of 5.82% and a net margin of 6.23%. The business had revenue of $204.60 million for the quarter, compared to analyst estimates of $220.00 million. As a group, equities analysts expect that Rogers Co. will post 2.93 earnings per share for the current fiscal year.
Institutional Trading of Rogers
A number of hedge funds and other institutional investors have recently added to or reduced their stakes in ROG. Norges Bank purchased a new position in shares of Rogers in the 4th quarter valued at $197,666,000. BlackRock Inc. grew its holdings in shares of Rogers by 12.4% during the first quarter. BlackRock Inc. now owns 3,566,556 shares of the electronics maker's stock worth $582,882,000 after purchasing an additional 392,411 shares during the last quarter. Morgan Stanley increased its position in shares of Rogers by 118.4% during the third quarter. Morgan Stanley now owns 366,659 shares of the electronics maker's stock worth $48,205,000 after purchasing an additional 198,803 shares in the last quarter. Neuberger Berman Group LLC increased its position in shares of Rogers by 95.7% during the fourth quarter. Neuberger Berman Group LLC now owns 368,042 shares of the electronics maker's stock worth $48,607,000 after purchasing an additional 179,999 shares in the last quarter. Finally, Goldman Sachs Group Inc. lifted its holdings in shares of Rogers by 110.9% in the 1st quarter. Goldman Sachs Group Inc. now owns 310,564 shares of the electronics maker's stock valued at $84,380,000 after purchasing an additional 163,307 shares during the last quarter. Institutional investors and hedge funds own 96.02% of the company's stock.
Rogers Company Profile
(
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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.
Further Reading
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