NEW YORK ( TheStreet) -- RBC Bearings (Nasdaq: ROLL) hit a new 52-week high Friday as it is currently trading at $45.09, above its previous 52-week high of $44.99 with 2,851 shares traded as of 10:29 a.m. ET. Average volume has been 80,000 shares over the past 30 days.

RBC Bearings has a market cap of $976.5 million and is part of the industrial goods sector and industrial industry. Shares are up 7.7% year to date as of the close of trading on Thursday.

RBC Bearings Incorporated manufactures and markets engineered precision plain, roller, and ball bearings primarily in North America, Europe, and Latin America. It operates in four segments: Plain Bearings, Roller Bearings, Ball Bearings, and Others. The company has a P/E ratio of 25.1, equal to the average industrial industry P/E ratio and above the S&P 500 P/E ratio of 17.7.

TheStreet Ratings rates RBC Bearings as a buy. The company's strengths can be seen in multiple areas, such as its impressive record of earnings per share growth, robust revenue growth, largely solid financial position with reasonable debt levels by most measures, expanding profit margins and solid stock price performance. We feel these strengths outweigh the fact that the company shows weak operating cash flow. You can view the full RBC Bearings Ratings Report.

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