CompX International (NYSE:CIX) Upgraded by StockNews.com to Strong-Buy

CompX International (NYSE:CIX) was upgraded by equities research analysts at StockNews.com from a “buy” rating to a “strong-buy” rating in a note issued to investors on Tuesday.

CompX International Price Performance

Shares of CIX opened at $24.21 on Tuesday. The stock has a 50-day moving average of $23.76 and a 200-day moving average of $26.78. The company has a market cap of $298.03 million, a PE ratio of 14.67 and a beta of 0.76. CompX International has a one year low of $17.39 and a one year high of $39.91.

CompX International (NYSE:CIX) last issued its earnings results on Tuesday, May 7th. The company reported $0.31 EPS for the quarter. The company had revenue of $38.00 million during the quarter. CompX International had a return on equity of 12.14% and a net margin of 12.78%.

Hedge Funds Weigh In On CompX International

A hedge fund recently raised its stake in CompX International stock. BNP Paribas Financial Markets raised its stake in shares of CompX International Inc. (NYSE:CIX) by 998.6% in the first quarter, according to its most recent 13F filing with the SEC. The fund owned 5,471 shares of the company’s stock after purchasing an additional 4,973 shares during the period. BNP Paribas Financial Markets’ holdings in CompX International were worth $188,000 as of its most recent SEC filing. 7.50% of the stock is owned by institutional investors.

About CompX International

CompX International Inc manufactures and sells security products and recreational marine components primarily in North America. It operates in two segments, Security Products and Marine Components. The Security Products segment manufactures mechanical and electrical cabinet locks, and other locking mechanisms used in various applications, including ignition systems, mailboxes, file cabinets, desk drawers, tool storage cabinets, high security medical cabinetry, integrated inventory and access control secured narcotics boxes, electrical circuit panels, storage compartments, gas station security, and vending and cash containment machines.