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

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

RBC Bearings Price Performance

Shares of ROLL opened at $362.10 on Friday. The company has a market capitalization of $10.48 billion, a P/E ratio of 175.78 and a beta of 1.34. RBC Bearings has a one year low of $152.90 and a one year high of $264.94. The business’s 50 day simple moving average is $319.38 and its 200-day simple moving average is $303.60.

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.