RBC Bearings (NASDAQ:ROLL) Reaches New 12-Month High – Still a Buy?

by · The Markets Daily

RBC Bearings Incorporated (NASDAQ:ROLL – Get Free Report) shares hit a new 52-week high during trading on Monday . The stock traded as high as $328.39 and last traded at $320.08, with a volume of 168883 shares trading hands. The stock had previously closed at $319.85.

Wall Street Analyst Weigh In

Separately, StockNews.com started coverage on RBC Bearings in a research note on Monday. They issued a “hold” rating for the company.

Read Our Latest Stock Report on ROLL

RBC Bearings Stock Performance

The business’s fifty day moving average price is $292.60 and its 200-day moving average price is $284.68. The stock has a market cap of $9.13 billion, a PE ratio of 153.25 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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