Rogers (NYSE:ROG) Shares Gap Down to $109.74

Rogers Co. (NYSE:ROG - Get Free Report)'s stock price gapped down before the market opened on Thursday . The stock had previously closed at $109.74, but opened at $105.82. Rogers shares last traded at $105.82, with a volume of 1,180 shares trading hands.

Rogers Stock Up 0.6 %

The stock has a market capitalization of $1.99 billion, a price-to-earnings ratio of 35.12 and a beta of 0.69. 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 firm has a 50-day moving average of $115.35 and a two-hundred day moving average of $121.89.

Rogers (NYSE:ROG - Get Free Report) 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 business had revenue of $204.60 million for the quarter, compared to analyst estimates of $220.00 million. Rogers had a net margin of 6.23% and a return on equity of 5.82%. As a group, sell-side analysts anticipate that Rogers Co. will post 2.93 earnings per share for the current year.

Institutional Inflows and Outflows

Several hedge funds have recently bought and sold shares of the company. AdvisorNet Financial Inc increased its position in Rogers by 136,400.0% in the 1st quarter. AdvisorNet Financial Inc now owns 1,365 shares of the electronics maker's stock worth $162,000 after purchasing an additional 1,364 shares during the last quarter. Bridge City Capital LLC increased its position in Rogers by 0.8% in the 1st quarter. Bridge City Capital LLC now owns 17,271 shares of the electronics maker's stock worth $2,050,000 after purchasing an additional 136 shares during the last quarter. Washington Capital Management Inc. increased its position in Rogers by 25.9% in the 1st quarter. Washington Capital Management Inc. now owns 3,400 shares of the electronics maker's stock worth $404,000 after purchasing an additional 700 shares during the last quarter. Quadrature Capital Ltd acquired a new position in Rogers in the 4th quarter worth about $414,000. Finally, Price T Rowe Associates Inc. MD increased its position in Rogers by 3.9% in the 4th quarter. Price T Rowe Associates Inc. MD now owns 10,076 shares of the electronics maker's stock worth $1,331,000 after purchasing an additional 376 shares during the last quarter. 96.02% of the stock is owned by institutional investors and hedge funds.

Rogers Company Profile

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.