CompX International Inc. (NYSEAMERICAN: CIX) stock suffered a major decline of -19.3% on 5/8/24. The shares closed at $27.60. Moreover, unusually high trading volume at 157% of normal accompanied the decline. The stock has been exceptionally strong relative to the market over the last nine months but has declined -12.4% during the last week.
Current PriceTarget Research Rating
CIX’s future returns on capital are forecasted to exceed the cost of capital. Accordingly, the company is expected to continue to be a Value Builder.
CompX International has a current Value Trend Rating of B (Positive). The Value Trend Rating reflects very contradictory signals from PTR’s two proprietary measures of a stock’s attractiveness. CompX International has a slightly negative Appreciation Score of 34 but a very high Power Rating of 96, triggering the Positive Value Trend Rating.
Rating Review
In light of this highly negative price change we are reviewing our current Overall Rating of B. This review will be completed in the next several days.
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