RBC Bearings (NASDAQ:ROLL) Reaches New 1-Year High – Time to Buy?

by · The Markets Daily

RBC Bearings Incorporated (NASDAQ:ROLL – Get Free Report) shares reached a new 52-week high on Monday . The company traded as high as $331.44 and last traded at $326.37, with a volume of 211243 shares changing hands. The stock had previously closed at $327.58.

Wall Street Analyst Weigh In

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

View Our Latest Stock Analysis on RBC Bearings

RBC Bearings Trading Down 0.4 %

The firm has a market capitalization of $9.44 billion, a price-to-earnings ratio of 103.10 and a beta of 1.34. The firm’s 50-day moving average is $309.59 and its 200 day moving average is $293.84.

RBC Bearings Company Profile

(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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