RBC Bearings (NASDAQ:ROLL) Trading 0.9% Higher - Here's What Happened

Key Points

• RBC Bearings (NASDAQ:ROLL) stock rose 0.9% to $378.08, with a trading volume increase of 9% compared to its daily average.
• Wall Street Zen initiated coverage on RBC Bearings, issuing a "hold" rating for the company on May 22nd.
• The company has a significant market capitalization of $10.94 billion and operates in the aerospace/defense and industrial segments.

RBC Bearings Incorporated (NASDAQ:ROLL - Get Free Report) rose 0.9% on Thursday . The company traded as high as $379.25 and last traded at $378.08. Approximately 169,695 shares traded hands during mid-day trading, an increase of 9% from the average daily volume of 155,583 shares. The stock had previously closed at $374.88.

Wall Street Analysts Forecast Growth

Separately, Wall Street Zen initiated coverage on RBC Bearings in a report on Thursday, May 22nd. They issued a "hold" rating for the company.

RBC Bearings Stock Performance

The stock has a market capitalization of $10.94 billion, a price-to-earnings ratio of 183.53 and a beta of 1.34. The company has a 50 day moving average of $391.57 and a 200 day moving average of $364.20.

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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