Rogers (NYSE:ROG) Shares Gap Up to $109.54

Shares of Rogers Co. (NYSE:ROG) gapped up before the market opened on Friday . The stock had previously closed at $109.54, but opened at $120.74. Rogers shares last traded at $124.64, with a volume of 143,179 shares trading hands.

Rogers Stock Performance

The company has a 50-day moving average of $114.61 and a 200-day moving average of $121.24. The company has a current ratio of 4.53, a quick ratio of 3.21 and a debt-to-equity ratio of 0.02. The firm has a market capitalization of $2.27 billion, a P/E ratio of 40.37 and a beta of 0.69.

Rogers (NYSE:ROG) last issued its earnings results 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 company had revenue of $204.60 million for the quarter, compared to the consensus estimate of $220.00 million. On average, equities analysts anticipate 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. Walleye Capital LLC grew its stake in Rogers by 2,125.9% in the third quarter. Walleye Capital LLC now owns 31,986 shares of the electronics maker’s stock valued at $4,205,000 after acquiring an additional 30,549 shares during the period. Pinnacle Associates Ltd. grew its position in Rogers by 45.0% in the 4th quarter. Pinnacle Associates Ltd. now owns 120,734 shares of the electronics maker’s stock valued at $15,945,000 after purchasing an additional 37,456 shares during the period. Inspire Investing LLC increased its stake in Rogers by 18.7% during the 3rd quarter. Inspire Investing LLC now owns 2,608 shares of the electronics maker’s stock valued at $343,000 after purchasing an additional 411 shares in the last quarter. Trexquant Investment LP acquired a new position in Rogers during the third quarter worth $2,790,000. Finally, Schroder Investment Management Group acquired a new position in shares of Rogers during the third quarter valued at about $19,085,000. 96.02% of the stock is owned by 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.