RBC Bearings (NASDAQ:ROLL) Hits New 12-Month High – What’s Next?

RBC Bearings Incorporated (NASDAQ:ROLL)’s stock price 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 traded. The stock had previously closed at $320.13.

Analysts Set New Price Targets

Separately, StockNews.com started coverage on shares of RBC Bearings in a research report on Tuesday. They issued a “hold” rating for the company.

RBC Bearings Trading Up 0.7 %

The company’s 50 day moving average price is $294.39 and its two-hundred day moving average price is $286.36. The firm has a market cap of $9.33 billion, a PE ratio of 155.40 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.