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

StockNews.com assumed coverage on shares of RBC Bearings (NASDAQ:ROLL) in a research note published on Saturday morning. The brokerage issued a hold rating on the stock.

RBC Bearings Price Performance

ROLL opened at $285.83 on Friday. The stock’s 50 day simple moving average is $290.31 and its 200 day simple moving average is $280.36. RBC Bearings has a 1 year low of $152.90 and a 1 year high of $264.94. The firm has a market cap of $8.27 billion, a price-to-earnings ratio of 138.75 and a beta of 1.34.

About RBC Bearings

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.