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

Oct 14, 2024Oct 14, 2024

StockNews.com began coverage on shares of RBC Bearings (NASDAQ:ROLL - Free Report) in a research note published on Thursday morning. The firm issued a hold rating on the stock.

RBC Bearings stock traded down $1.82 during trading on Thursday, reaching $281.23. The company had a trading volume of 131,620 shares, compared to its average volume of 155,583. The firm has a market capitalization of $8.14 billion, a PE ratio of 136.52 and a beta of 1.34. The firm's 50-day simple moving average is $288.77 and its 200 day simple moving average is $278.17. RBC Bearings has a 1-year low of $152.90 and a 1-year 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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