News

Nov 05, 2024

RBC Bearings (NASDAQ:ROLL) Reaches New 12-Month High - What's Next?

RBC Bearings Incorporated (NASDAQ:ROLL - Get Free Report)'s stock price reached a new 52-week high on Monday . The company traded as high as $289.49 and last traded at $285.02, with a volume of 143312

RBC Bearings Incorporated (NASDAQ:ROLL - Get Free Report)'s stock price reached a new 52-week high on Monday . The company traded as high as $289.49 and last traded at $285.02, with a volume of 143312 shares. The stock had previously closed at $285.30.

Separately, StockNews.com initiated coverage on shares of RBC Bearings in a report on Sunday. They set a "hold" rating for the company.

Check Out Our Latest Report on ROLL

The firm has a market cap of $8.25 billion, a price-to-earnings ratio of 138.50 and a beta of 1.34. The company has a fifty day moving average price of $290.05 and a 200-day moving average price of $281.29.

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.

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