CompX International (NYSE:CIX) Shares Down 3.1% - Should You Sell?

Shares of CompX International Inc. (NYSE:CIX - Get Free Report) were down 3.1% on Friday . The company traded as low as $24.72 and last traded at $24.72. Approximately 5,143 shares traded hands during trading, a decline of 45% from the average daily volume of 9,329 shares. The stock had previously closed at $25.50.

Analyst Upgrades and Downgrades

Separately, Wall Street Zen upgraded CompX International from a "hold" rating to a "buy" rating in a research note on Monday, May 5th.

CompX International Price Performance

The firm has a market capitalization of $296.15 million, a PE ratio of 15.82 and a beta of 1.04. The firm has a 50-day simple moving average of $25.27 and a 200-day simple moving average of $24.48.

CompX International Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, June 17th. Shareholders of record on Monday, June 9th were given a dividend of $0.30 per share. The ex-dividend date was Monday, June 9th. This represents a $1.20 dividend on an annualized basis and a yield of 4.99%. CompX International's payout ratio is currently 82.19%.

Hedge Funds Weigh In On CompX International

A hedge fund recently raised its stake in CompX International stock. Geode Capital Management LLC grew its holdings in CompX International Inc. (NYSE:CIX - Free Report) by 1.3% in the 4th quarter, according to the company in its most recent filing with the SEC. The firm owned 34,112 shares of the company's stock after buying an additional 438 shares during the quarter. Geode Capital Management LLC owned approximately 0.28% of CompX International worth $892,000 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.