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

Shares of RBC Bearings Incorporated (NASDAQ:ROLL) hit a new 52-week high during trading on Wednesday . The stock traded as high as $286.97 and last traded at $286.96, with a volume of 108449 shares trading hands. The stock had previously closed at $284.43.

Analysts Set New Price Targets

Separately, StockNews.com assumed coverage on shares of RBC Bearings in a report on Friday, October 18th. They set a “hold” rating on the stock.

RBC Bearings Stock Performance

The business’s fifty day moving average price is $290.21 and its 200-day moving average price is $279.86. The stock has a market cap of $8.34 billion, a PE ratio of 139.88 and a beta of 1.34.

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.