StockNews.com Begins Coverage on RBC Bearings (NASDAQ:ROLL)
by Renee Jackson · The Cerbat GemStockNews.com initiated coverage on shares of RBC Bearings (NASDAQ:ROLL – Free Report) in a research report sent to investors on Friday morning. The brokerage issued a hold rating on the stock.
RBC Bearings Price Performance
Shares of NASDAQ:ROLL opened at $212.38 on Friday. The business’s 50 day simple moving average is $272.08 and its 200 day simple moving average is $269.54. RBC Bearings has a 1 year low of $152.90 and a 1 year high of $264.94. The company has a market capitalization of $6.14 billion, a P/E ratio of 130.96 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.
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