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 report sent to investors on Monday. The firm issued a hold rating on the stock.

RBC Bearings Stock Performance

Shares of ROLL stock traded up $5.56 during trading hours on Monday, hitting $356.03. The company had a trading volume of 115,742 shares, compared to its average volume of 155,583. The firm has a market capitalization of $10.30 billion, a price-to-earnings ratio of 172.83 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 fifty day moving average is $332.00 and its 200 day moving average is $313.49.

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.