StockNews.com cut shares of CompX International (NYSE:CIX – Free Report) from a strong-buy rating to a buy rating in a report published on Wednesday.
CompX International Stock Performance
Shares of NYSE:CIX opened at $24.67 on Wednesday. The stock has a market capitalization of $303.79 million, a price-to-earnings ratio of 14.95 and a beta of 0.77. CompX International has a 1-year low of $17.39 and a 1-year high of $39.91. The company’s fifty day moving average is $26.06 and its two-hundred day moving average is $26.81.
CompX International (NYSE:CIX – Get Free Report) last issued its earnings results on Tuesday, May 7th. The company reported $0.31 earnings per share for the quarter. The company had revenue of $38.00 million for the quarter. CompX International had a net margin of 12.78% and a return on equity of 12.14%.
CompX International Announces Dividend
Hedge Funds Weigh In On CompX International
A hedge fund recently raised its stake in CompX International stock. BNP Paribas Financial Markets grew its holdings in shares of CompX International Inc. (NYSE:CIX – Free Report) by 998.6% in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor 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 filing with the Securities and Exchange Commission. 7.50% of the stock is owned by hedge funds and other institutional investors.
CompX International Company Profile
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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