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

RBC Bearings Incorporated (NASDAQ:ROLL)’s share price reached a new 52-week high on Monday . The stock traded as high as $339.60 and last traded at $333.56, with a volume of 155312 shares trading hands. The stock had previously closed at $334.39.

Wall Street Analyst Weigh In

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

RBC Bearings Stock Performance

The firm has a market capitalization of $9.65 billion, a price-to-earnings ratio of 162.33 and a beta of 1.34. The firm’s 50 day simple moving average is $306.15 and its 200 day simple moving average is $292.34.

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.