Rogers (NYSE:ROG) Stock Price Passes Above 200-Day Moving Average – Time to Sell?

Shares of Rogers Corporation (NYSE:ROG) crossed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $82.97 and traded as high as $98.67. Rogers shares last traded at $96.0750, with a volume of 95,939 shares changing hands.

Analyst Upgrades and Downgrades

A number of analysts have recently weighed in on ROG shares. Weiss Ratings reissued a “sell (d)” rating on shares of Rogers in a research note on Thursday, January 22nd. Zacks Research cut shares of Rogers from a “strong-buy” rating to a “hold” rating in a research report on Monday, December 29th. Wall Street Zen raised shares of Rogers from a “hold” rating to a “buy” rating in a report on Saturday, November 1st. Finally, B. Riley reaffirmed a “buy” rating on shares of Rogers in a research note on Thursday, October 30th. Two research analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, Rogers has a consensus rating of “Hold” and an average target price of $85.00.

Rogers Stock Down 1.5%

The company has a market cap of $1.73 billion, a PE ratio of -26.47 and a beta of 0.40. The firm’s 50-day moving average is $91.83 and its 200-day moving average is $82.97.

Rogers (NYSE:ROG) last issued its quarterly earnings data on Wednesday, October 29th. The electronics maker reported $0.90 EPS for the quarter, topping the consensus estimate of $0.70 by $0.20. Rogers had a negative net margin of 8.35% and a positive return on equity of 2.92%. The business had revenue of $216.00 million during the quarter, compared to analyst estimates of $207.53 million. As a group, equities research analysts anticipate that Rogers Corporation will post 3.57 EPS for the current fiscal year.

Insider Activity at Rogers

In other news, SVP Brian Keith Larabee sold 775 shares of the firm’s stock in a transaction that occurred on Friday, October 31st. The stock was sold at an average price of $85.87, for a total value of $66,549.25. Following the completion of the transaction, the senior vice president owned 4,462 shares in the company, valued at $383,151.94. This trade represents a 14.80% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. 0.85% of the stock is currently owned by insiders.

Hedge Funds Weigh In On Rogers

A number of institutional investors have recently added to or reduced their stakes in the company. GAMMA Investing LLC boosted its holdings in shares of Rogers by 171.2% during the 2nd quarter. GAMMA Investing LLC now owns 1,006 shares of the electronics maker’s stock valued at $69,000 after buying an additional 635 shares in the last quarter. Virtus Advisers LLC bought a new position in shares of Rogers in the 3rd quarter worth about $127,000. Quadrant Capital Group LLC purchased a new position in Rogers during the 3rd quarter valued at about $130,000. PNC Financial Services Group Inc. lifted its position in Rogers by 119.7% during the 3rd quarter. PNC Financial Services Group Inc. now owns 1,905 shares of the electronics maker’s stock valued at $153,000 after acquiring an additional 1,038 shares during the period. Finally, Central Pacific Bank Trust Division boosted its stake in Rogers by 11.1% during the third quarter. Central Pacific Bank Trust Division now owns 2,500 shares of the electronics maker’s stock worth $201,000 after acquiring an additional 250 shares in the last quarter. Institutional investors own 96.02% of the company’s stock.

Rogers Company Profile

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.