StockNews.com lowered shares of CompX International (NYSE:CIX – Free Report) from a strong-buy rating to a buy rating in a research note released on Wednesday morning.
CompX International Price Performance
Shares of NYSE:CIX opened at $23.25 on Wednesday. CompX International has a 1-year low of $17.39 and a 1-year high of $39.91. The firm’s 50 day simple moving average is $23.85 and its two-hundred day simple moving average is $26.75. The company has a market capitalization of $286.21 million, a P/E ratio of 14.09 and a beta of 0.76.
CompX International (NYSE:CIX – Get Free Report) last released its earnings results on Tuesday, May 7th. The company reported $0.31 EPS for the quarter. CompX International had a net margin of 12.78% and a return on equity of 12.14%. The firm had revenue of $38.00 million for the quarter.
CompX International Dividend Announcement
Hedge Funds Weigh In On CompX International
A hedge fund recently raised its stake in CompX International stock. BNP Paribas Financial Markets boosted its holdings in shares of CompX International Inc. (NYSE:CIX – Free Report) by 998.6% during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 5,471 shares of the company’s stock after purchasing an additional 4,973 shares during the quarter. BNP Paribas Financial Markets’ holdings in CompX International were worth $188,000 as of its most recent SEC filing. Institutional investors and hedge funds own 7.50% of the company’s stock.
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.
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