Rogers (NYSE:ROG) Hits New 12-Month High – What’s Next?
by Amy Steele · The Cerbat GemRogers Corporation (NYSE:ROG – Get Free Report)’s share price hit a new 52-week high during mid-day trading on Wednesday . The company traded as high as $103.16 and last traded at $101.67, with a volume of 14533 shares changing hands. The stock had previously closed at $100.50.
Analyst Ratings Changes
Several equities research analysts have recently commented on the company. Wall Street Zen raised Rogers from a “hold” rating to a “buy” rating in a research note on Saturday, November 1st. Weiss Ratings reaffirmed a “sell (d)” rating on shares of Rogers in a report on Thursday, January 22nd. B. Riley Financial reissued a “buy” rating on shares of Rogers in a report on Thursday, October 30th. Finally, Zacks Research downgraded Rogers from a “strong-buy” rating to a “hold” rating in a research note on Monday, December 29th. Two investment analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average price target of $85.00.
Read Our Latest Research Report on Rogers
Rogers Stock Performance
The business has a 50-day moving average of $94.62 and a 200 day moving average of $84.54. The stock has a market cap of $1.91 billion, a PE ratio of -29.19 and a beta of 0.40.
Institutional Trading of Rogers
A number of hedge funds have recently bought and sold shares of ROG. Global Retirement Partners LLC raised its holdings in Rogers by 6,576.5% in the 4th quarter. Global Retirement Partners LLC now owns 1,135 shares of the electronics maker’s stock valued at $104,000 after acquiring an additional 1,118 shares during the last quarter. Virtus Advisers LLC purchased a new stake in shares of Rogers in the third quarter valued at $127,000. Quadrant Capital Group LLC acquired a new position in Rogers in the third quarter valued at $130,000. PNC Financial Services Group Inc. lifted its position in Rogers by 119.7% during the third quarter. PNC Financial Services Group Inc. now owns 1,905 shares of the electronics maker’s stock worth $153,000 after buying an additional 1,038 shares during the period. Finally, Cornerstone Investment Partners LLC purchased a new position in Rogers during the fourth quarter worth about $205,000. Institutional investors and hedge funds own 96.02% of the company’s stock.
About Rogers
Rogers Corporation (NYSE: ROG) is a global technology and materials company specializing in the development and manufacture of engineered materials and components. The company designs and produces a broad portfolio of high-performance elastomeric, foam, silicone, adhesive and thermal management solutions, as well as advanced circuit board laminates. Its products are engineered to meet stringent requirements in areas such as electrical insulation, thermal performance and electromagnetic shielding.
Rogers serves a diverse range of end markets, including automotive, aerospace and defense, telecommunications, consumer electronics and industrial applications.