CompX International (NYSE:CIX) Stock Price Down 5.5% – What’s Next?

Shares of CompX International Inc. (NYSE:CIX) fell 5.5% during trading on Wednesday . The stock traded as low as $35.37 and last traded at $36.27. Approximately 65,576 shares traded hands during mid-day trading, an increase of 1,050% from the average session volume of 5,703 shares. The stock had previously closed at $38.39.

CompX International Price Performance

The company’s fifty day simple moving average is $30.88 and its 200 day simple moving average is $26.53. The firm has a market capitalization of $481.46 million, a PE ratio of 25.70 and a beta of 0.89.

CompX International Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Tuesday, September 15th. Shareholders of record on Thursday, September 3rd were paid a $0.30 dividend. The ex-dividend date was Thursday, September 3rd. This represents a $1.20 annualized dividend and a yield of 3.1%. CompX International’s dividend payout ratio is currently 67.04%.

Insider Transactions at CompX International

In other CompX International news, Director Ann Manix sold 1,500 shares of the company’s stock in a transaction dated Tuesday, August 11th. The stock was sold at an average price of $29.60, for a total value of $44,400.00. Following the transaction, the director directly owned 8,775 shares in the company, valued at $259,740. This represents a 14.60% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Corporate insiders own 0.43% of the company’s stock.

CompX International Company Profile

CompX International Inc (NYSE:CIX) is a manufacturer of specialized security products and marine components. The company serves original equipment manufacturers, distributors and other industrial customers through businesses operating in its Security Products and Marine Components segments.

Its Security Products segment produces mechanical and electronic locks, cabinet and furniture locks, ignition switches, push-button and other switching products, and related security hardware. These products are used in applications that include office furniture, tool storage equipment, recreational vehicles, boats, motorcycles, vending equipment and industrial products.

Through its Marine Components segment, CompX manufactures components for recreational boats and other marine applications.