Rogers (NYSE:ROG) Reaches New 52-Week Low – Should You Sell?

Rogers Co. (NYSE:ROG)’s stock price hit a new 52-week low during trading on Friday . The stock traded as low as $95.90 and last traded at $95.95, with a volume of 5033 shares trading hands. The stock had previously closed at $98.43.

Rogers Price Performance

The business’s 50-day simple moving average is $103.93 and its two-hundred day simple moving average is $108.03. The stock has a market cap of $1.79 billion, a price-to-earnings ratio of 35.74 and a beta of 0.53.

Rogers (NYSE:ROG) last released its quarterly earnings data on Thursday, October 24th. The electronics maker reported $0.98 earnings per share for the quarter, beating the consensus estimate of $0.85 by $0.13. The company had revenue of $210.30 million for the quarter, compared to the consensus estimate of $220.20 million. Rogers had a return on equity of 4.19% and a net margin of 5.91%. During the same quarter last year, the business posted $1.24 EPS. Equities research analysts forecast that Rogers Co. will post 2.71 earnings per share for the current year.

Insider Buying and Selling

In other news, SVP Michael Reed Webb sold 416 shares of the stock in a transaction dated Friday, November 8th. The stock was sold at an average price of $108.82, for a total value of $45,269.12. Following the completion of the sale, the senior vice president now owns 4,400 shares of the company’s stock, valued at approximately $478,808. This represents a 8.64 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. 1.35% of the stock is owned by corporate insiders.

Institutional Trading of Rogers

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Nuance Investments LLC acquired a new stake in shares of Rogers during the second quarter worth $45,354,000. Healthcare of Ontario Pension Plan Trust Fund grew its holdings in Rogers by 100.4% during the 2nd quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 337,700 shares of the electronics maker’s stock worth $40,730,000 after acquiring an additional 169,200 shares during the period. Oddo BHF Asset Management Sas bought a new position in shares of Rogers in the 3rd quarter worth about $17,517,000. BNP Paribas Financial Markets lifted its stake in shares of Rogers by 948.5% in the 3rd quarter. BNP Paribas Financial Markets now owns 126,353 shares of the electronics maker’s stock valued at $14,279,000 after purchasing an additional 114,302 shares during the period. Finally, Marshall Wace LLP bought a new stake in shares of Rogers during the 2nd quarter valued at about $10,077,000. Institutional investors and hedge funds own 96.02% of the company’s stock.

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.