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

Oct 27, 2024

Equities researchers at StockNews.com began coverage on shares of RBC Bearings (NASDAQ:ROLL - Get Free Report) in a research report issued to clients and investors on Saturday. The brokerage set a "hold" rating on the stock.

Shares of NASDAQ:ROLL traded up $0.68 during trading on Friday, hitting $288.84. The stock had a trading volume of 93,574 shares, compared to its average volume of 155,583. The company has a market capitalization of $8.36 billion, a PE ratio of 140.21 and a beta of 1.34. The firm's fifty day moving average is $290.25 and its 200 day moving average is $280.06. RBC Bearings has a 12 month low of $152.90 and a 12 month high of $264.94.

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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