CompX International (NYSE:CIX) Shares Down 2.3% – Should You Sell?

CompX International Inc. (NYSE:CIX) shares traded down 2.3% during mid-day trading on Wednesday . The company traded as low as $24.05 and last traded at $24.05. 5,432 shares were traded during trading, a decline of 28% from the average session volume of 7,555 shares. The stock had previously closed at $24.62.

Wall Street Analyst Weigh In

Separately, StockNews.com lowered shares of CompX International from a “strong-buy” rating to a “buy” rating in a research note on Thursday, December 5th.

CompX International Price Performance

The company’s fifty day moving average price is $26.56 and its 200-day moving average price is $27.81. The stock has a market cap of $296.27 million, a price-to-earnings ratio of 15.82 and a beta of 0.76.

Institutional Investors Weigh In On CompX International

A number of hedge funds and other institutional investors have recently made changes to their positions in the company. Nisa Investment Advisors LLC lifted its position in shares of CompX International by 118.3% during the 3rd quarter. Nisa Investment Advisors LLC now owns 1,310 shares of the company’s stock valued at $38,000 after buying an additional 710 shares in the last quarter. BNP Paribas Financial Markets increased its stake in shares of CompX International by 243.2% in the 3rd quarter. BNP Paribas Financial Markets now owns 1,987 shares of the company’s stock worth $58,000 after acquiring an additional 1,408 shares during the last quarter. Rhumbline Advisers increased its stake in shares of CompX International by 476.5% in the 4th quarter. Rhumbline Advisers now owns 8,302 shares of the company’s stock worth $217,000 after acquiring an additional 6,862 shares during the last quarter. Bank of New York Mellon Corp acquired a new stake in shares of CompX International during the 4th quarter worth about $1,642,000. Finally, Geode Capital Management LLC increased its position in shares of CompX International by 1.3% during the 4th quarter. Geode Capital Management LLC now owns 34,112 shares of the company’s stock worth $892,000 after purchasing an additional 438 shares during the last quarter. Institutional investors and hedge funds 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.