Rogers (NYSE:ROG) Shares Gap Up to $109.54

Rogers Co. (NYSE:ROG)’s stock price gapped up before the market opened on Friday . The stock had previously closed at $109.54, but opened at $120.74. Rogers shares last traded at $124.64, with a volume of 143,179 shares changing hands.

Rogers Stock Performance

The stock has a market capitalization of $2.26 billion, a P/E ratio of 33.25 and a beta of 0.69. The company has a quick ratio of 3.21, a current ratio of 4.53 and a debt-to-equity ratio of 0.02. The business has a fifty day moving average price of $114.46 and a 200-day moving average price of $121.11.

Rogers (NYSE:ROG) last posted its earnings results on Wednesday, February 21st. The electronics maker reported $0.60 earnings per share for the quarter, missing analysts’ consensus estimates of $1.00 by ($0.40). Rogers had a net margin of 7.73% and a return on equity of 5.34%. The firm had revenue of $204.60 million during the quarter, compared to the consensus estimate of $220.00 million. On average, sell-side analysts expect that Rogers Co. will post 2.93 EPS for the current year.

Institutional Inflows and Outflows

A number of institutional investors have recently bought and sold shares of ROG. BKM Wealth Management LLC purchased a new stake in shares of Rogers during the fourth quarter worth about $30,000. AdvisorNet Financial Inc lifted its stake in shares of Rogers by 136,400.0% during the 1st quarter. AdvisorNet Financial Inc now owns 1,365 shares of the electronics maker’s stock worth $162,000 after acquiring an additional 1,364 shares during the last quarter. B. Riley Wealth Advisors Inc. lifted its stake in shares of Rogers by 8.8% during the 3rd quarter. B. Riley Wealth Advisors Inc. now owns 1,626 shares of the electronics maker’s stock worth $214,000 after acquiring an additional 132 shares during the last quarter. Great Lakes Advisors LLC bought a new stake in Rogers during the 4th quarter valued at $222,000. Finally, Asset Management One Co. Ltd. bought a new stake in Rogers during the 3rd quarter valued at $224,000. 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.