CompX International (NYSE:CIX) Now Covered by StockNews.com

Analysts at StockNews.com began coverage on shares of CompX International (NYSE:CIX) in a research report issued to clients and investors on Thursday. The firm set a “buy” rating on the stock.

CompX International Price Performance

Shares of CIX stock opened at $20.06 on Thursday. The stock’s 50-day moving average is $22.78 and its 200 day moving average is $26.23. CompX International has a 1-year low of $17.89 and a 1-year high of $36.10. The company has a market cap of $247.12 million, a P/E ratio of 13.20 and a beta of 0.94.

Institutional Investors Weigh In On CompX International

Several institutional investors have recently bought and sold shares of CIX. BNP Paribas Financial Markets increased its position in shares of CompX International by 243.2% during the third quarter. BNP Paribas Financial Markets now owns 1,987 shares of the company’s stock worth $58,000 after purchasing an additional 1,408 shares in the last quarter. Rhumbline Advisers grew its stake in CompX International by 476.5% during the 4th quarter. Rhumbline Advisers now owns 8,302 shares of the company’s stock worth $217,000 after buying an additional 6,862 shares during the last quarter. Geode Capital Management LLC increased its position in CompX International by 1.3% during the 4th quarter. Geode Capital Management LLC now owns 34,112 shares of the company’s stock valued at $892,000 after buying an additional 438 shares in the last quarter. Finally, Bank of New York Mellon Corp acquired a new position in CompX International during the 4th quarter valued at about $1,642,000. 7.50% of the stock is currently owned by institutional investors and hedge funds.

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.