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

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

RBC Bearings Stock Performance

RBC Bearings stock traded up $3.60 during midday trading on Tuesday, hitting $297.96. 92,819 shares of the company's stock were exchanged, compared to its average volume of 155,583. The stock has a market cap of $8.62 billion, a price-to-earnings ratio of 144.64 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 firm's 50 day simple moving average is $318.00 and its 200 day simple moving average is $298.04.

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.