RBC Bearings (NASDAQ:ROLL) Sets New 52-Week High – Here’s Why

RBC Bearings Incorporated (NASDAQ:ROLL)’s share price hit a new 52-week high on Tuesday . The stock traded as high as $342.00 and last traded at $339.97, with a volume of 265352 shares trading hands. The stock had previously closed at $338.78.

Analyst Upgrades and Downgrades

Separately, StockNews.com initiated coverage on RBC Bearings in a report on Tuesday, November 19th. They set a “hold” rating for the company.

RBC Bearings Price Performance

The firm has a 50-day moving average price of $298.41 and a two-hundred day moving average price of $288.66. The company has a market capitalization of $9.84 billion, a price-to-earnings ratio of 164.46 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.