Rogers (NYSE:ROG) Sees Strong Trading Volume – Here’s Why

Rogers Co. (NYSE:ROG) shares saw unusually-strong trading volume on Wednesday . Approximately 245,622 shares changed hands during trading, an increase of 73% from the previous session’s volume of 142,001 shares.The stock last traded at $70.32 and had previously closed at $70.82.

Rogers Trading Down 4.4 %

The business’s 50-day simple moving average is $84.63 and its 200 day simple moving average is $96.91. The company has a market capitalization of $1.25 billion, a P/E ratio of 48.04 and a beta of 0.56.

Rogers (NYSE:ROG) last announced its earnings results on Wednesday, February 19th. The electronics maker reported $0.46 EPS for the quarter, topping the consensus estimate of $0.43 by $0.03. The firm had revenue of $192.20 million for the quarter, compared to analysts’ expectations of $191.75 million. Rogers had a return on equity of 3.98% and a net margin of 3.14%. During the same quarter in the previous year, the company earned $0.60 earnings per share. As a group, sell-side analysts predict that Rogers Co. will post 3.57 EPS for the current fiscal year.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the company. Sterling Capital Management LLC raised its position in Rogers by 810.8% in the fourth quarter. Sterling Capital Management LLC now owns 592 shares of the electronics maker’s stock worth $60,000 after acquiring an additional 527 shares in the last quarter. Covestor Ltd grew its stake in shares of Rogers by 43.7% in the 4th quarter. Covestor Ltd now owns 1,164 shares of the electronics maker’s stock worth $118,000 after purchasing an additional 354 shares during the last quarter. Bank of Montreal Can raised its holdings in shares of Rogers by 6.2% in the 4th quarter. Bank of Montreal Can now owns 2,022 shares of the electronics maker’s stock worth $205,000 after purchasing an additional 118 shares in the last quarter. Vestmark Advisory Solutions Inc. acquired a new stake in Rogers during the fourth quarter valued at approximately $222,000. Finally, FMR LLC boosted its holdings in Rogers by 83.1% during the third quarter. FMR LLC now owns 2,309 shares of the electronics maker’s stock worth $261,000 after buying an additional 1,048 shares in the last quarter. Institutional investors own 96.02% of the company’s stock.

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.