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

StockNews.com assumed coverage on shares of RBC Bearings (NASDAQ:ROLL) in a research note issued on Thursday. The firm set a “hold” rating on the stock.

RBC Bearings Price Performance

NASDAQ ROLL opened at $245.92 on Thursday. The company’s 50 day simple moving average is $262.72 and its 200 day simple moving average is $257.60. The company has a market capitalization of $7.11 billion, a P/E ratio of 119.38 and a beta of 1.34. RBC Bearings has a 12 month low of $152.90 and a 12 month 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.