Rogers (NYSE:ROG) Reaches New 1-Year Low – What’s Next?

Rogers Co. (NYSE:ROG)’s stock price hit a new 52-week low on Wednesday . The company traded as low as $93.60 and last traded at $94.02, with a volume of 56006 shares traded. The stock had previously closed at $96.86.

Rogers Stock Performance

The business’s 50 day moving average price is $101.29 and its two-hundred day moving average price is $105.52. The company has a market capitalization of $1.74 billion, a price-to-earnings ratio of 34.72 and a beta of 0.53.

Insider Activity at Rogers

In other news, SVP Michael Reed Webb sold 416 shares of the stock in a transaction on Friday, November 8th. The shares were sold at an average price of $108.82, for a total transaction of $45,269.12. Following the transaction, the senior vice president now owns 4,400 shares in the company, valued at $478,808. This represents a 8.64 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Company insiders own 1.35% of the company’s stock.

Hedge Funds Weigh In On Rogers

A number of hedge funds and other institutional investors have recently made changes to their positions in ROG. KBC Group NV grew its position in shares of Rogers by 54.5% during the 3rd quarter. KBC Group NV now owns 669 shares of the electronics maker’s stock worth $76,000 after buying an additional 236 shares during the period. Central Pacific Bank Trust Division boosted its stake in Rogers by 61.3% during the 3rd quarter. Central Pacific Bank Trust Division now owns 1,000 shares of the electronics maker’s stock worth $113,000 after acquiring an additional 380 shares during the last quarter. Algert Global LLC bought a new position in Rogers during the 2nd quarter worth approximately $204,000. FMR LLC boosted its stake in Rogers by 83.1% during the 3rd quarter. FMR LLC now owns 2,309 shares of the electronics maker’s stock worth $261,000 after acquiring an additional 1,048 shares during the last quarter. Finally, SG Americas Securities LLC bought a new position in Rogers during the 4th quarter worth approximately $286,000. 96.02% of the stock is owned by institutional investors.

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.