RBC Bearings (NASDAQ:ROLL) Hits New 12-Month High at $292.73

RBC Bearings Incorporated (NASDAQ:ROLL) shares reached a new 52-week high during mid-day trading on Tuesday . The stock traded as high as $292.73 and last traded at $290.50, with a volume of 92738 shares trading hands. The stock had previously closed at $286.82.

Wall Street Analysts Forecast Growth

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

RBC Bearings Stock Up 0.6 %

The firm has a 50 day simple moving average of $287.36 and a 200-day simple moving average of $275.04. The company has a market cap of $8.45 billion, a PE ratio of 141.83 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.