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

StockNews.com started coverage on shares of CompX International (NYSE:CIX - Get Free Report) 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 traded up $1.18 during mid-day trading on Thursday, reaching $21.15. The company's stock had a trading volume of 5,305 shares, compared to its average volume of 11,719. The company's 50 day moving average is $22.67 and its 200 day moving average is $26.15. The stock has a market cap of $260.53 million, a PE ratio of 13.85 and a beta of 0.94. CompX International has a 12-month low of $17.89 and a 12-month high of $36.10.

Institutional Investors Weigh In On CompX International

A number of hedge funds and other institutional investors have recently modified their holdings of CIX. BNP Paribas Financial Markets grew its position in shares of CompX International by 243.2% in the third quarter. BNP Paribas Financial Markets now owns 1,987 shares of the company's stock valued at $58,000 after purchasing an additional 1,408 shares during the last quarter. Rhumbline Advisers raised its position in shares of CompX International by 476.5% in 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 period. Geode Capital Management LLC raised its holdings in shares of CompX International by 1.3% in the 4th quarter. Geode Capital Management LLC now owns 34,112 shares of the company's stock worth $892,000 after purchasing an additional 438 shares during the period. Finally, Bank of New York Mellon Corp purchased a new position in CompX International in the fourth quarter valued at approximately $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.