StockNews.com Initiates Coverage on RBC Bearings (NASDAQ:ROLL)

StockNews.com began coverage on shares of RBC Bearings (NASDAQ:ROLL - Get Free Report) in a report released on Saturday. The brokerage set a "hold" rating on the stock.

RBC Bearings Price Performance

NASDAQ ROLL traded down $1.92 on Friday, reaching $310.20. 330,386 shares of the company's stock traded hands, compared to its average volume of 155,583. The stock has a market cap of $8.97 billion, a PE ratio of 150.58 and a beta of 1.34. RBC Bearings has a 12 month low of $152.90 and a 12 month high of $264.94. The stock has a 50-day simple moving average of $313.23 and a 200 day simple moving average of $294.82.

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.