RBC Bearings (NASDAQ:ROLL) Stock Price Down 0.3% - Here's What Happened

Key Points

• RBC Bearings' stock price fell 0.3% on Wednesday, trading between $394.83 and $397.81, with approximately 144,607 shares exchanged, marking a 7% decrease from its average daily volume.
• Wall Street Zen initiated coverage on RBC Bearings, issuing a "hold" rating for the stock as of May 22nd.
• The company has a market capitalization of $11.51 billion and operates primarily in the aerospace/defense and industrial sectors, focusing on engineered precision bearings and components.

Shares of RBC Bearings Incorporated (NASDAQ:ROLL - Get Free Report) dropped 0.3% on Wednesday . The company traded as low as $394.83 and last traded at $397.81. Approximately 144,607 shares were traded during trading, a decline of 7% from the average daily volume of 155,583 shares. The stock had previously closed at $398.93.

Analyst Upgrades and Downgrades

Separately, Wall Street Zen assumed coverage on RBC Bearings in a research note on Thursday, May 22nd. They issued a "hold" rating on the stock.

RBC Bearings Stock Down 0.3%

The stock's 50-day moving average price is $387.40 and its 200-day moving average price is $361.34. The company has a market capitalization of $11.51 billion, a price-to-earnings ratio of 193.11 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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