RBC Bearings (NASDAQ:ROLL) Sets New 52-Week High – Here’s What Happened

RBC Bearings Incorporated (NASDAQ:ROLL)’s share price reached a new 52-week high during trading on Tuesday . The company traded as high as $303.17 and last traded at $302.21, with a volume of 325508 shares traded. The stock had previously closed at $299.38.

Analyst Upgrades and Downgrades

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

RBC Bearings Stock Down 1.5 %

The company has a market capitalization of $8.61 billion, a P/E ratio of 146.70 and a beta of 1.34. The business has a 50 day simple moving average of $288.62 and a 200-day simple moving average of $277.26.

RBC Bearings Company Profile

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.