RBC Bearings (NASDAQ:ROLL) Hits New 52-Week High – Here’s What Happened

RBC Bearings Incorporated (NASDAQ:ROLL)’s stock price hit a new 52-week high during mid-day trading on Monday . The company traded as high as $337.43 and last traded at $335.23, with a volume of 139516 shares changing hands. The stock had previously closed at $335.11.

Wall Street Analyst Weigh In

Separately, StockNews.com initiated coverage on RBC Bearings in a research note on Wednesday, November 27th. They issued a “hold” rating for the company.

RBC Bearings Price Performance

The stock’s 50-day moving average is $302.11 and its 200 day moving average is $290.64. The stock has a market cap of $9.70 billion, a price-to-earnings ratio of 162.67 and a beta of 1.34.

About RBC Bearings

RBC Bearings Incorporated manufactures and markets engineered precision bearings and components in the United States and internationally. It operates through two segments, Aerospace/Defense and Industrial. The company produces plain bearings with self-lubricating or metal-to-metal designs, including rod end bearings, spherical plain bearings, and journal bearings; roller bearings, such as tapered roller bearings, needle roller bearings, and needle bearing track rollers and cam followers, which are anti-friction products that are used in industrial applications and military aircraft platforms; and ball bearings include high precision aerospace, airframe control, thin section, and industrial ball bearings that utilize high precision ball elements to reduce friction in high-speed applications.