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

Analysts at StockNews.com assumed coverage on shares of RBC Bearings (NASDAQ:ROLL) in a research note issued to investors on Wednesday. The brokerage set a “hold” rating on the stock.

RBC Bearings Trading Up 2.1 %

Shares of NASDAQ ROLL traded up $5.84 during mid-day trading on Wednesday, hitting $278.31. The company had a trading volume of 80,433 shares, compared to its average volume of 155,583. The company has a market capitalization of $8.05 billion, a PE ratio of 135.10 and a beta of 1.34. The firm has a 50-day simple moving average of $281.25 and a two-hundred day simple moving average of $271.61. RBC Bearings has a one year low of $152.90 and a one year high of $264.94.

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.