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

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

CompX International Trading Up 1.5 %

Shares of NYSE:CIX opened at $28.05 on Thursday. CompX International has a 1 year low of $20.48 and a 1 year high of $39.91. The business has a fifty day simple moving average of $29.18 and a 200 day simple moving average of $26.84. The firm has a market cap of $345.58 million, a price-to-earnings ratio of 18.45 and a beta of 0.75.

Insider Buying and Selling

In related news, Director Mary A. Tidlund sold 1,000 shares of the stock in a transaction on Thursday, November 14th. The stock was sold at an average price of $29.02, for a total transaction of $29,020.00. Following the completion of the sale, the director now directly owns 5,650 shares in the company, valued at approximately $163,963. This trade represents a 15.04 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. 0.38% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On CompX International

A hedge fund recently raised its stake in CompX International stock. Nisa Investment Advisors LLC boosted its holdings in shares of CompX International Inc. (NYSE:CIX) by 118.3% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 1,310 shares of the company’s stock after buying an additional 710 shares during the quarter. Nisa Investment Advisors LLC’s holdings in CompX International were worth $38,000 at the end of the most recent quarter. Hedge funds and other institutional investors 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.