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

Research analysts at StockNews.com assumed 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 Stock Performance

NASDAQ:ROLL opened at $346.50 on Wednesday. The firm has a market cap of $10.02 billion, a P/E ratio of 168.20 and a beta of 1.34. RBC Bearings has a 52 week low of $152.90 and a 52 week high of $264.94. The firm’s fifty day moving average is $339.85 and its 200-day moving average is $316.95.

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.