RBC Bearings (NASDAQ:ROLL) Reaches New 52-Week High – Should You Buy?

RBC Bearings Incorporated (NASDAQ:ROLL)’s stock price reached a new 52-week high during trading on Tuesday . The company traded as high as $287.51 and last traded at $285.83, with a volume of 144440 shares traded. The stock had previously closed at $288.57.

Wall Street Analysts Forecast Growth

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

RBC Bearings Trading Down 0.9 %

The business has a 50 day moving average of $290.31 and a 200-day moving average of $280.36. The firm has a market capitalization of $8.27 billion, a P/E ratio of 140.08 and a beta of 1.34.

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.