StockNews.com upgraded shares of CompX International (NYSE:CIX – Free Report) from a buy rating to a strong-buy rating in a research report released on Tuesday.
CompX International Stock Performance
Shares of CIX stock opened at $25.37 on Tuesday. CompX International has a 52-week low of $17.39 and a 52-week high of $39.91. The company has a 50-day simple moving average of $23.81 and a two-hundred day simple moving average of $26.77. The company has a market capitalization of $312.41 million, a price-to-earnings ratio of 15.38 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 earnings per share 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 during the quarter.
CompX International Announces Dividend
Institutional Inflows and Outflows
A hedge fund recently raised its stake in CompX International stock. BNP Paribas Financial Markets boosted its position in CompX International Inc. (NYSE:CIX – Free Report) by 998.6% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). 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 filing with the Securities and Exchange Commission (SEC). 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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