StockNews.com initiated coverage on shares of RBC Bearings (NASDAQ:ROLL - Free Report) in a research note published on Wednesday morning. The firm issued a hold rating on the stock.
RBC Bearings Trading Up 0.2%
Shares of NASDAQ:ROLL traded up $0.90 on Wednesday, hitting $368.17. 248,950 shares of the company were exchanged, compared to its average volume of 155,583. RBC Bearings has a 1-year low of $152.90 and a 1-year high of $264.94. The stock's 50 day moving average price is $332.43 and its 200 day moving average price is $329.41. The firm has a market capitalization of $10.65 billion, a P/E ratio of 178.72 and a beta of 1.34.
About RBC Bearings
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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.
Further Reading
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