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

RBC Bearings Incorporated (NASDAQ:ROLL) hit a new 52-week high during mid-day trading on Thursday . The stock traded as high as $291.97 and last traded at $290.20, with a volume of 84448 shares changing hands. The stock had previously closed at $290.61.

Wall Street Analysts Forecast Growth

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

RBC Bearings Trading Down 0.7 %

The stock has a market capitalization of $8.34 billion, a price-to-earnings ratio of 139.85 and a beta of 1.34. The firm has a 50-day moving average of $289.54 and a 200 day moving average of $279.22.

RBC Bearings Company Profile

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.