Rogers Co. (NYSE:ROG) saw a significant increase in short interest in the month of September. As of September 30th, there was short interest totalling 491,500 shares, an increase of 25.5% from the September 15th total of 391,600 shares. Based on an average daily volume of 105,600 shares, the short-interest ratio is currently 4.7 days. Approximately 2.7% of the company’s shares are short sold.
Hedge funds have recently modified their holdings of the stock. Ameritas Investment Company LLC purchased a new stake in Rogers in the first quarter worth approximately $38,000. Macquarie Group Ltd. purchased a new position in shares of Rogers during the 2nd quarter worth $57,000. Country Trust Bank purchased a new position in shares of Rogers during the 3rd quarter worth $77,000. Canada Pension Plan Investment Board purchased a new position in shares of Rogers during the 2nd quarter worth $112,000. Finally, Advisor Group Holdings Inc. purchased a new position in shares of Rogers during the 1st quarter worth $151,000. Institutional investors own 97.97% of the company’s stock.
ROG has been the subject of a number of research reports. Zacks Investment Research downgraded shares of Rogers from a “hold” rating to a “strong sell” rating in a research note on Wednesday, August 5th. B. Riley decreased their price target on shares of Rogers from $160.00 to $155.00 in a research note on Friday, July 31st. One analyst has rated the stock with a sell rating, one has assigned a hold rating and two have assigned a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and an average target price of $135.00.
Shares of ROG traded up $0.11 on Friday, hitting $108.59. 59,033 shares of the stock traded hands, compared to its average volume of 134,967. The company has a market capitalization of $2.03 billion, a PE ratio of 91.25 and a beta of 1.69. The company has a debt-to-equity ratio of 0.23, a quick ratio of 4.81 and a current ratio of 6.10. The business has a 50 day simple moving average of $106.65 and a 200 day simple moving average of $111.26. Rogers has a one year low of $75.72 and a one year high of $157.10.
Rogers (NYSE:ROG) last announced its quarterly earnings results on Thursday, July 30th. The electronics maker reported $1.13 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.90 by $0.23. The company had revenue of $191.16 million during the quarter, compared to the consensus estimate of $196.65 million. Rogers had a net margin of 2.78% and a return on equity of 9.35%. On average, equities analysts expect that Rogers will post 4.18 earnings per share for the current year.
Rogers Corporation designs, develops, manufactures, and sells engineered materials and components worldwide. It operates in Advanced Connectivity Solutions (ACS), Elastomeric Material Solutions (EMS), Power Electronics Solutions (PES), and Other segments. The ACS segment offers circuit materials and solutions for connectivity applications in wireless infrastructure, automotive, aerospace and defense, connected devices, wired infrastructure, and consumer electronics under the RO3000, RO4000, RT/duroid, TMM, AD Series, and CLTE Series names.
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