Rogers (NYSE:ROG) Shares Gap Down to $109.74

Rogers Co. (NYSE:ROG) gapped down prior to trading on Thursday . The stock had previously closed at $109.74, but opened at $105.82. Rogers shares last traded at $105.82, with a volume of 1,180 shares trading hands.

Rogers Stock Performance

The company has a debt-to-equity ratio of 0.02, a quick ratio of 3.21 and a current ratio of 4.53. The company has a market capitalization of $2.04 billion, a P/E ratio of 36.04 and a beta of 0.69. The business’s fifty day simple moving average is $115.14 and its 200-day simple moving average is $121.74.

Rogers (NYSE:ROG) last announced its quarterly earnings results on Wednesday, February 21st. The electronics maker reported $0.60 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.00 by ($0.40). Rogers had a net margin of 6.23% and a return on equity of 5.82%. The company had revenue of $204.60 million during the quarter, compared to the consensus estimate of $220.00 million. As a group, 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 large investors have recently made changes to their positions in ROG. American Century Companies Inc. increased its holdings in shares of Rogers by 6.2% in the 1st quarter. American Century Companies Inc. now owns 2,860 shares of the electronics maker’s stock worth $777,000 after buying an additional 168 shares during the last quarter. Bank of Montreal Can increased its holdings in shares of Rogers by 78.5% in the 1st quarter. Bank of Montreal Can now owns 9,379 shares of the electronics maker’s stock worth $2,559,000 after buying an additional 4,125 shares during the last quarter. MetLife Investment Management LLC increased its holdings in shares of Rogers by 55.1% in the 1st quarter. MetLife Investment Management LLC now owns 9,945 shares of the electronics maker’s stock worth $2,702,000 after buying an additional 3,534 shares during the last quarter. Rhumbline Advisers increased its holdings in shares of Rogers by 13.0% in the 1st quarter. Rhumbline Advisers now owns 39,668 shares of the electronics maker’s stock worth $10,778,000 after buying an additional 4,576 shares during the last quarter. Finally, Great West Life Assurance Co. Can increased its holdings in shares of Rogers by 0.4% in the 1st quarter. Great West Life Assurance Co. Can now owns 16,187 shares of the electronics maker’s stock worth $4,512,000 after buying an additional 61 shares during the last quarter. 96.02% of the stock is currently 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.