Regal-Beloit Rises On Unusually High Volume (RBC)
NEW YORK (
) --
(NYSE:
) is trading at unusually high volume Tuesday with 1.4 million shares changing hands. It is currently at four times its average daily volume and trading up $4.96 (+8%) at $66.68 as of 1:30 p.m. ET.
Regal-Beloit has a market cap of $2.37 billion and is part of the
sector and
industry. Shares are up 21.1% year to date as of the close of trading on Monday.
Regal Beloit Corporation, together with its subsidiaries, manufactures and sells electric motors and controls, electric generators and controls, and mechanical motion control products primarily in the United States and Asia. The company operates in two segments, Electrical and Mechanical. The company has a P/E ratio of 16.9, above the average industrial industry P/E ratio of 15.6 and below the S&P 500 P/E ratio of 17.7.
TheStreet Ratings rates Regal-Beloit as a
. The company's strengths can be seen in multiple areas, such as its robust revenue growth, attractive valuation levels, good cash flow from operations, increase in net income and largely solid financial position with reasonable debt levels by most measures. We feel these strengths outweigh the fact that the company has had somewhat disappointing return on equity. You can view the full
.
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