Rogers (NYSE:ROG) Sets New 12-Month Low – Time to Sell?

Rogers Co. (NYSE:ROG)’s share price reached a new 52-week low during mid-day trading on Wednesday . The company traded as low as $86.02 and last traded at $85.90, with a volume of 4192 shares trading hands. The stock had previously closed at $88.24.

Rogers Stock Up 2.3 %

The firm has a market capitalization of $1.66 billion, a P/E ratio of 33.26 and a beta of 0.51. The company’s 50 day moving average is $98.16 and its 200-day moving average is $102.86.

Institutional Trading of Rogers

Several large investors have recently made changes to their positions in the company. Vanguard Group Inc. boosted its holdings in Rogers by 1.8% in the fourth quarter. Vanguard Group Inc. now owns 2,353,358 shares of the electronics maker’s stock worth $239,125,000 after acquiring an additional 40,835 shares in the last quarter. Norges Bank acquired a new position in shares of Rogers during the fourth quarter worth approximately $113,725,000. Neuberger Berman Group LLC lifted its holdings in shares of Rogers by 35.6% in the 4th quarter. Neuberger Berman Group LLC now owns 972,623 shares of the electronics maker’s stock worth $98,828,000 after purchasing an additional 255,423 shares in the last quarter. Nuance Investments LLC grew its position in Rogers by 26.6% in the 4th quarter. Nuance Investments LLC now owns 810,081 shares of the electronics maker’s stock valued at $82,312,000 after purchasing an additional 170,145 shares during the period. Finally, State Street Corp increased its stake in Rogers by 1.2% during the 3rd quarter. State Street Corp now owns 706,815 shares of the electronics maker’s stock valued at $79,877,000 after purchasing an additional 8,402 shares in the last quarter. 96.02% of the stock is currently owned by institutional investors and hedge funds.

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.