Rogers Corporation (ROG) traded on unusually high volume on Jan. 11, as the stock gained 1.26% to close at $113.04. On the day, Rogers Corporation saw 214,752 shares trade hands on 2,613 trades. Considering that the stock averages only a daily volume of 138,855 shares a day over the last month, this represents a pretty significant bump in volume over the norm.
Generally speaking, when a stock experiences a sudden spike in trading volume, it may be seen as a bullish signal for investors. An increase in volume means more market awareness for the company, potentially setting up a more meaningful move in stock price. The added volume also provides a level of support and stability for price advances.
The stock has traded between $178.90 and $89.21 over the last 52-weeks, its 50-day SMA is now $113.86, and its 200-day SMA $122.24. Rogers Corporation has a P/B ratio of 2.52. It also has a P/E ratio of 29.7.
Rogers Corporation designs, develops, and manufactures engineered materials and components for sale to original equipment manufacturers and component suppliers. The firm operates in three business segments: advanced connectivity solutions, which manufactures circuit materials for applications in communications infrastructure, automotive, and consumer electronics markets; elastomeric material solutions, which provide cushioning, sealing, and impact protection in automotive, transportation, and construction applications; and power electronics solutions, which sells ceramic substrate materials for power module applications. The firm generates revenue primarily in the United States, China, and Germany, but has a presence around the world.
Headquartered in Chandler, AZ, Rogers Corporation has 3,400 employees and is currently under the leadership of CEO Bruce D. Hoechner.