RBC Bearings (NASDAQ:ROLL) Reaches New 1-Year High – What’s Next?

RBC Bearings Incorporated (NASDAQ:ROLL) shares reached a new 52-week high during trading on Tuesday . The company traded as high as $323.19 and last traded at $322.51, with a volume of 145964 shares changing hands. The stock had previously closed at $320.13.

Analyst Upgrades and Downgrades

Separately, StockNews.com assumed coverage on RBC Bearings in a research note on Tuesday. They set a “hold” rating for the company.

RBC Bearings Price Performance

The company has a market capitalization of $9.39 billion, a price-to-earnings ratio of 157.50 and a beta of 1.34. The business’s 50 day simple moving average is $295.92 and its 200 day simple moving average is $287.09.

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.