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

Rogers Co. (NYSE:ROG)’s share price hit a new 52-week low on Tuesday . The company traded as low as $87.27 and last traded at $88.28, with a volume of 174702 shares traded. The stock had previously closed at $93.05.

Rogers Stock Performance

The stock’s fifty day moving average price is $100.14 and its two-hundred day moving average price is $104.27. The company has a market cap of $1.69 billion, a P/E ratio of 33.78 and a beta of 0.51.

Insider Transactions at Rogers

In related news, SVP Michael Reed Webb sold 416 shares of the business’s stock in a transaction dated 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 directly 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 transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 0.27% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. KBC Group NV increased its holdings in 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 acquiring an additional 236 shares during the period. Algert Global LLC bought a new position in shares of Rogers during the 2nd quarter valued at $204,000. FMR LLC grew its holdings in shares of Rogers by 83.1% during the 3rd quarter. FMR LLC now owns 2,309 shares of the electronics maker’s stock valued at $261,000 after purchasing an additional 1,048 shares during the last quarter. SG Americas Securities LLC purchased a new stake in Rogers during the 4th quarter valued at $286,000. Finally, Hedges Asset Management LLC boosted its position in Rogers by 23.8% during the 3rd quarter. Hedges Asset Management LLC now owns 2,600 shares of the electronics maker’s stock valued at $294,000 after buying an additional 500 shares during the period. 96.02% of the stock is currently owned by hedge funds and other 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.