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

StockNews.com initiated coverage on shares of RBC Bearings (NASDAQ:ROLL) in a report issued on Thursday. The brokerage issued a hold rating on the stock.

RBC Bearings Stock Up 0.3 %

Shares of ROLL stock opened at $245.03 on Thursday. RBC Bearings has a 12-month low of $152.90 and a 12-month high of $264.94. The firm has a market capitalization of $7.09 billion, a price-to-earnings ratio of 118.95 and a beta of 1.34. The firm has a fifty day moving average of $261.57 and a 200-day moving average of $257.66.

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.