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

StockNews.com began coverage on shares of RBC Bearings (NASDAQ:ROLL) in a research note released on Monday morning. The brokerage issued a hold rating on the stock.

RBC Bearings Trading Up 0.6 %

RBC Bearings stock opened at $292.16 on Monday. RBC Bearings has a 1-year low of $152.90 and a 1-year high of $264.94. The firm’s fifty day simple moving average is $287.36 and its 200-day simple moving average is $275.04. The company has a market capitalization of $8.45 billion, a P/E ratio of 141.83 and a beta of 1.34.

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.