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

Stock analysts at StockNews.com assumed coverage on shares of RBC Bearings (NASDAQ:ROLL - Get Free Report) in a report issued on Saturday. The brokerage set a "hold" rating on the stock.

Shares of NASDAQ:ROLL traded up $0.68 on Friday, reaching $288.84. The company had a trading volume of 93,574 shares, compared to its average volume of 155,583. RBC Bearings has a twelve month low of $152.90 and a twelve month high of $264.94. The stock has a 50-day moving average price of $290.25 and a 200 day moving average price of $279.99. The stock has a market capitalization of $8.36 billion, a P/E ratio of 140.21 and a beta of 1.34.

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.

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