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

by · The Cerbat Gem

RBC Bearings Incorporated (NASDAQ:ROLL – Get Free Report)’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.

Get Our Latest Report on RBC Bearings

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

(Get Free Report)

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.

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