CompX International (NYSE:CIX) Raised to Strong-Buy at StockNews.com

CompX International (NYSE:CIX) was upgraded by investment analysts at StockNews.com from a “buy” rating to a “strong-buy” rating in a report issued on Wednesday.

CompX International Trading Up 4.4 %

NYSE:CIX opened at $27.77 on Wednesday. CompX International has a 1 year low of $20.48 and a 1 year high of $39.91. The firm’s fifty day simple moving average is $29.27 and its 200 day simple moving average is $26.68. The firm has a market capitalization of $342.10 million, a PE ratio of 18.27 and a beta of 0.76.

Insiders Place Their Bets

In other CompX International news, Director Mary A. Tidlund sold 1,000 shares of CompX International stock in a transaction on Thursday, November 14th. The shares were sold at an average price of $29.02, for a total transaction of $29,020.00. Following the sale, the director now owns 5,650 shares in the company, valued at $163,963. The trade was a 15.04 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Company insiders own 0.38% of the company’s stock.

Institutional Inflows and Outflows

An institutional investor recently raised its position in CompX International stock. Nisa Investment Advisors LLC lifted its position in CompX International Inc. (NYSE:CIX) by 118.3% during the 3rd quarter, according to the company in its most recent filing with the SEC. The fund owned 1,310 shares of the company’s stock after purchasing 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 reporting period. 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.