StockNews.com upgraded shares of CompX International (NYSE:CIX – Free Report) from a buy rating to a strong-buy rating in a research note published on Thursday morning.
CompX International Stock Down 3.3 %
Shares of NYSE CIX opened at $25.90 on Thursday. The firm has a market cap of $318.93 million, a PE ratio of 15.70 and a beta of 0.76. The company’s fifty day simple moving average is $23.78 and its 200 day simple moving average is $26.80. CompX International has a 12-month low of $17.39 and a 12-month high of $39.91.
CompX International Dividend Announcement
The company also recently announced a quarterly dividend, which will be paid on Tuesday, September 17th. Stockholders of record on Friday, September 6th will be paid a $2.00 dividend. The ex-dividend date is Friday, September 6th. This represents a $8.00 annualized dividend and a dividend yield of 30.89%. CompX International’s dividend payout ratio is presently 72.73%.
Institutional Inflows and Outflows
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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