CompX International (NYSE:CIX) Downgraded by StockNews.com to “Buy”

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

CompX International Price Performance

NYSE CIX opened at $23.04 on Friday. The stock’s fifty day moving average price is $25.37 and its 200 day moving average price is $26.86. CompX International has a 1 year low of $17.39 and a 1 year high of $39.91. The company has a market cap of $283.62 million, a price-to-earnings ratio of 13.96 and a beta of 0.76.

CompX International (NYSE:CIX) last announced its quarterly 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 return on equity of 12.14% and a net margin of 12.78%.

Institutional Investors Weigh In On CompX International

An institutional investor recently raised its position in CompX International stock. BNP Paribas Financial Markets boosted its stake in shares of CompX International Inc. (NYSE:CIX) by 998.6% during the 1st quarter, according to its most recent filing with the SEC. The firm 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 at the end of the most recent quarter. Hedge funds and other institutional investors own 7.50% of the company’s stock.

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.