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

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

RBC Bearings Stock Performance

RBC Bearings stock opened at $304.57 on Tuesday. RBC Bearings has a fifty-two week low of $152.90 and a fifty-two week high of $264.94. The company has a market capitalization of $8.81 billion, a price-to-earnings ratio of 147.85 and a beta of 1.34. The stock has a fifty day moving average of $317.76 and a two-hundred day moving average of $298.09.

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.