CompX International (NYSE:CIX) Shares Up 9.4% - Time to Buy?

CompX International Inc. (NYSE:CIX - Get Free Report)'s stock price was up 9.4% during trading on Wednesday . The stock traded as high as $33.40 and last traded at $33.40. Approximately 13,896 shares traded hands during mid-day trading, an increase of 5% from the average daily volume of 13,185 shares. The stock had previously closed at $30.53.

Analyst Upgrades and Downgrades

Separately, StockNews.com upgraded shares of CompX International from a "buy" rating to a "strong-buy" rating in a research report on Thursday, August 8th.

CompX International Trading Up 9.4 %

The firm has a fifty day moving average price of $29.07 and a 200 day moving average price of $26.92. The firm has a market capitalization of $411.49 million, a price-to-earnings ratio of 19.53 and a beta of 0.76.

CompX International (NYSE:CIX - Get Free Report) last announced its earnings results on Tuesday, August 6th. The company reported $0.39 earnings per share for the quarter. The company had revenue of $35.90 million during the quarter. CompX International had a return on equity of 12.54% and a net margin of 13.40%.

Institutional Investors Weigh In On CompX International

An institutional investor recently raised its position in CompX International stock. BNP Paribas Financial Markets lifted its stake in CompX International Inc. (NYSE:CIX - Free Report) by 998.6% in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 5,471 shares of the company's stock after purchasing an additional 4,973 shares during the period. BNP Paribas Financial Markets' holdings in CompX International were worth $188,000 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.