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

Rogers Co. (NYSE:ROG) shares reached a new 52-week low during mid-day trading on Tuesday . The company traded as low as $87.27 and last traded at $88.28, with a volume of 174702 shares. The stock had previously closed at $93.05.

Rogers Stock Up 1.4 %

The company has a market cap of $1.69 billion, a PE ratio of 33.78 and a beta of 0.51. The business’s fifty day moving average is $100.14 and its 200-day moving average is $104.27.

Insider Transactions at Rogers

In related news, SVP Michael Reed Webb sold 416 shares of the business’s stock in a transaction on Friday, November 8th. The shares were sold at an average price of $108.82, for a total value of $45,269.12. Following the sale, the senior vice president now owns 4,400 shares in the company, valued at approximately $478,808. The trade was a 8.64 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Insiders own 0.27% of the company’s stock.

Institutional Inflows and Outflows

Hedge funds have recently bought and sold shares of the company. Nuance Investments LLC boosted its stake in shares of Rogers by 70.2% during the third quarter. Nuance Investments LLC now owns 639,936 shares of the electronics maker’s stock valued at $72,319,000 after purchasing an additional 263,898 shares during the period. Oddo BHF Asset Management Sas purchased a new stake in shares of Rogers during the third quarter valued at $17,517,000. BNP Paribas Financial Markets boosted its stake in shares of Rogers by 948.5% during the third 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. Weiss Asset Management LP purchased a new stake in Rogers in the third quarter worth about $3,381,000. Finally, Invenomic Capital Management LP purchased a new stake in Rogers in the third quarter worth about $3,057,000. Institutional investors 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.