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

Equities researchers at StockNews.com started coverage on shares of RBC Bearings (NASDAQ:ROLL) in a note issued to investors on Wednesday. The brokerage set a “hold” rating on the stock.

RBC Bearings Price Performance

NASDAQ:ROLL opened at $312.09 on Wednesday. RBC Bearings has a 1-year low of $152.90 and a 1-year high of $264.94. The firm’s 50-day moving average price is $317.23 and its 200-day moving average price is $299.09. The company has a market capitalization of $9.03 billion, a PE ratio of 151.50 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.