Shares of Regal Beloit Corporation (NYSE:RBC) traded today at $152.63, eclipsing its 52-week high. So far today approximately 491,000 shares have been exchanged, as compared to an average 30-day volume of 304,000 shares.
In the past 52 weeks, shares of Regal Beloit Corporation have traded between a low of $51.99 and a high of $152.63 and is now at $151.51, which is 191% above that low price.
Regal Beloit Corporation (NYSE:RBC) is currently priced 8.4% above its average consensus analyst price target of $138.74.
Regal Beloit Corp manufactures electric motors, electrical motion controls, and power generation products. It offers heavy motors with several applications, including categories with variable speed controls and voltage to diversify its product line. Products for the heating, ventilation, and air conditioning market can be vital to move air at the designated temperature. The company has four operating segments: Commercial, Industrial systems (which contributes the majority of total sales), Climate solutions, and Power transmission solutions. Original-equipment manufacturers and users of motion control and industrial applications tend to combine the types of motors, controls, and power transmission products offered by Regal Beloit.
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