Rogers Corporation (ROG) Moves Higher on Volume Spike for January 11

Rogers Corporation (ROG) Moves Higher on Volume Spike for January 11

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.

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