RBC Bearings (NASDAQ:ROLL) Coverage Initiated at StockNews.com

StockNews.com initiated coverage on shares of RBC Bearings (NASDAQ:ROLL) in a research note released on Friday. The firm issued a hold rating on the stock.

RBC Bearings Stock Down 0.5 %

ROLL stock traded down $1.19 during midday trading on Friday, reaching $249.99. 88,374 shares of the company’s stock traded hands, compared to its average volume of 155,583. The company has a market cap of $7.23 billion, a price-to-earnings ratio of 121.93 and a beta of 1.34. The firm’s fifty day moving average price is $259.33 and its 200-day moving average price is $257.78. RBC Bearings has a 52 week low of $152.90 and a 52 week high of $264.94.

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.