Media headlines about RBC Bearings (NASDAQ:ROLL) have been trending positive recently, AlphaOne reports. The research group, a division of Accern, scores the sentiment of press coverage by reviewing more than 20 million news and blog sources in real-time. AlphaOne ranks coverage of companies on a scale of -1 to 1, with scores closest to one being the most favorable. RBC Bearings earned a news impact score of 0.46 on AlphaOne’s scale. AlphaOne also gave headlines about the industrial products company an impact score of 0 out of 100, indicating that recent press coverage is extremely unlikely to have an impact on the company’s share price in the immediate future.
RBC Bearings (NASDAQ:ROLL) opened at 99.54 on Friday. RBC Bearings has a one year low of $67.99 and a one year high of $104.83. The firm has a market capitalization of $2.35 billion, a PE ratio of 34.57 and a beta of 1.17. The stock’s 50 day moving average price is $97.71 and its 200 day moving average price is $91.47.
Separately, Zacks Investment Research lowered RBC Bearings from a “strong-buy” rating to a “hold” rating in a research note on Friday, February 10th.
In other RBC Bearings news, insider Michael J. Hartnett sold 1,828 shares of the business’s stock in a transaction that occurred on Thursday, March 2nd. The shares were sold at an average price of $94.42, for a total value of $172,599.76. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Insiders sold 39,400 shares of company stock valued at $3,734,508 over the last three months. Insiders own 4.40% of the company’s stock.
About RBC Bearings
RBC Bearings Incorporated is an international manufacturer and marketer of engineered precision bearings and products, which are integral to the manufacture and operation of machines, aircraft and mechanical systems. The Company operates through four segments: Plain Bearings; Roller Bearings; Ball Bearings, and Engineered Products.
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