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

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

CompX International Stock Down 1.4 %

CompX International stock opened at $23.83 on Wednesday. The company has a market capitalization of $293.35 million, a PE ratio of 14.44 and a beta of 0.77. The firm has a fifty day simple moving average of $26.20 and a two-hundred day simple moving average of $26.80. CompX International has a twelve month low of $17.39 and a twelve month high of $39.91.

CompX International (NYSE:CIX) last posted its quarterly earnings results on Tuesday, May 7th. The company reported $0.31 earnings per share for the quarter. The business had revenue of $38.00 million during the quarter. CompX International had a net margin of 12.78% and a return on equity of 12.14%.

Hedge Funds Weigh In On CompX International

A hedge fund recently raised its stake in CompX International stock. BNP Paribas Financial Markets grew its position in shares of CompX International Inc. (NYSE:CIX) by 998.6% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 5,471 shares of the company’s stock after acquiring 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 SEC filing. 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.