Rogers (NYSE:ROG) Stock Price Passes Above 200 Day Moving Average – Should You Sell?

Rogers Corporation (NYSE:ROG)’s share price passed 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.

Wall Street Analyst Weigh In

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

Rogers Stock Down 1.5%

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

Rogers (NYSE:ROG) last released its quarterly earnings results on Wednesday, October 29th. The electronics maker reported $0.90 earnings per share for the quarter, beating the consensus estimate of $0.70 by $0.20. Rogers had a positive return on equity of 2.92% and a negative net margin of 8.35%.The firm had revenue of $216.00 million for the quarter, compared to analysts’ expectations of $207.53 million. As a group, equities 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 on Friday, October 31st. The shares were sold at an average price of $85.87, for a total transaction of $66,549.25. Following the sale, the senior vice president owned 4,462 shares in the company, valued at approximately $383,151.94. This trade represents a 14.80% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. 0.85% of the stock is owned by insiders.

Institutional Investors Weigh In On Rogers

Institutional investors have recently made changes to their positions in the business. GAMMA Investing LLC raised its position in Rogers by 171.2% in the 2nd quarter. GAMMA Investing LLC now owns 1,006 shares of the electronics maker’s stock worth $69,000 after purchasing an additional 635 shares during the period. Virtus Advisers LLC bought a new position in shares of Rogers during the third quarter valued at about $127,000. Quadrant Capital Group LLC bought a new position in shares of Rogers during the third quarter valued at about $130,000. PNC Financial Services Group Inc. grew its stake in shares of Rogers by 119.7% during the third quarter. PNC Financial Services Group Inc. now owns 1,905 shares of the electronics maker’s stock valued at $153,000 after buying an additional 1,038 shares during the last quarter. Finally, Central Pacific Bank Trust Division increased its holdings in shares of Rogers by 11.1% in the third quarter. Central Pacific Bank Trust Division now owns 2,500 shares of the electronics maker’s stock worth $201,000 after buying an additional 250 shares during the period. Hedge funds and other 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.