Company shares are trading at $127.90 slightly over $118.88, the 50 day moving average and significantly above the 200 day moving average of $105.01. The 50 day moving average was up $9.02 or +7.59% and the 200 day average moved up $22.89. Trading was light with 72K shares changing hands in the last trading session. Volume was down 25.20% under the stocks average daily volume.
Investors are feeling more bullish on shares of Rogers Corporation recently at least if you consider the change in short interest. The firm saw a fall in short interest between August 15, 2017 and August 31, 2017 of -21.19%. Short shares decreased 54,290 over that period. Days to cover decreased from 2.0 to 2.0 and the percentage of shorted shares was 0.01% on August 31.
The following firms have recently changed their position in ROG. Aristotle Capital Boston, LLC augmented its holdings by buying 24,897 shares an increase of 19.7%. Aristotle Capital Boston, LLC controls 151,034 shares valued at $16,405,000. The value of the position overall is up by 51.5%. As of the end of the quarter Chartwell Investment Partners, LLC had disposed of 5,200 shares trimming its holdings by 4.2%. The value of the company’s investment in Rogers Corporation went from $10,670,000 to $12,931,000 increasing 21.2% for the reporting period.
As of quarter end Kalmar Investments Inc /de/ had sold a total of 43,941 shares trimming its position 31.2%. The value of the investment in ROG decreased from $10,805,000 to $8,306,000 a change of $2,499,000 quarter to quarter. As of quarter end Vident Investment Advisory, LLC had acquired 232 shares growing its stake by 1.2%. The value of the investment in (ROG) went from $1,640,000 to $2,100,000 a change of 28.0% since the last quarter.
Rogers Corporation currently has a P/E ratio of 30.84 and market cap is 2.32B. In the latest earnings report the EPS was $4.15 and is projected to be $5.55 for the current year with 18,173,000 shares currently outstanding. Next quarter’s EPS is forecasted to be $1.28 with next year’s EPS projected to be $5.86.
Rogers Corporation, launched on July 29, 1927, designs, develops, manufactures and sells engineered materials and components for mission critical applications. The Business’s segments are Advanced Connectivity Solutions (ACS), Elastomeric Material Solutions (EMS), Power Electronics Solutions (PES) and Other..