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

Stock analysts at StockNews.com started coverage on shares of RBC Bearings (NASDAQ:ROLL - Get Free Report) in a research note issued on Tuesday. The firm set a "hold" rating on the stock.

RBC Bearings Stock Performance

Shares of NASDAQ ROLL traded down $5.53 during midday trading on Tuesday, hitting $331.51. 134,680 shares of the company traded hands, compared to its average volume of 155,583. RBC Bearings has a 12-month low of $152.90 and a 12-month high of $264.94. The stock has a 50-day moving average price of $337.56 and a 200 day moving average price of $315.73. The firm has a market cap of $9.59 billion, a P/E ratio of 160.93 and a beta of 1.34.

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.