Shares of Rexnord Corporation (NYSE:RXN) traded at a new 52-week high today of $53.55. Approximately 142,000 shares have changed hands today, as compared to an average 30-day volume of 823,000 shares.
Rexnord Corp is a U.S. based company that primarily operates through two segments. Its Process and motion control segment designs, manufactures, and distributes specified mechanical components that are used in complex systems, as well as providing related services. This segment’s customers come from food and beverage, aerospace, mining, energy and power generation, and other industries. The Water management segment manufactures and markets products that can help enhance water quality and conservation. This segment’s target customers primarily include nonresidential buildings and water and wastewater treatment infrastructures. The company generates most of its revenue from American and European markets.
Rexnord Corporation (NYSE:RXN) is currently priced 11.7% above its average consensus analyst price target of $46.41.
In the past 52 weeks, shares of Rexnord Corporation have traded between a low of $28.10 and a high of $53.55 and is now at $52.58, which is 87% above that low price.
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