RBC Bearings (NASDAQ:ROLL) Coverage Initiated at StockNews.com

StockNews.com initiated coverage on shares of RBC Bearings (NASDAQ:ROLL - Free Report) in a research report sent to investors on Saturday. The brokerage issued a hold rating on the stock.

RBC Bearings Trading Down 3.8 %

ROLL traded down $12.64 during midday trading on Friday, hitting $319.97. 214,705 shares of the company were exchanged, compared to its average volume of 155,583. The firm has a market capitalization of $9.26 billion, a price-to-earnings ratio of 155.33 and a beta of 1.34. The company's 50 day simple moving average is $342.07 and its 200 day simple moving average is $321.99. RBC Bearings has a 1-year low of $152.90 and a 1-year high of $264.94.

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.