RBC Bearings (NASDAQ:ROLL) Reaches New 12-Month High – Still a Buy?

RBC Bearings Incorporated (NASDAQ:ROLL) shares hit a new 52-week high during trading on Monday . The stock traded as high as $328.39 and last traded at $320.08, with a volume of 168883 shares trading hands. The stock had previously closed at $319.85.

Wall Street Analyst Weigh In

Separately, StockNews.com started coverage on RBC Bearings in a research note on Monday. They issued a “hold” rating for the company.

RBC Bearings Stock Performance

The business’s fifty day moving average price is $292.60 and its 200-day moving average price is $284.68. The stock has a market cap of $9.13 billion, a PE ratio of 153.25 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.