Zix Corp. (NASDAQ:ZIXI) shares fell 2.7% on Friday . The stock traded as low as $4.01 and last traded at $4.01, with a volume of 140,362 shares. The stock had previously closed at $4.12.

Separately, Zacks Investment Research lowered shares of Zix Corp. from a “buy” rating to a “hold” rating in a report on Thursday, June 30th.

The company’s 50-day moving average is $3.96 and its 200-day moving average is $4.06. The firm has a market capitalization of $216.72 million and a price-to-earnings ratio of 40.94.

Zix Corp. (NASDAQ:ZIXI) last posted its earnings results on Tuesday, April 26th. The company reported $0.06 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.05 by $0.01. During the same period in the prior year, the firm earned $0.04 earnings per share. The business earned $14.30 million during the quarter, compared to the consensus estimate of $14.35 million. The business’s revenue was up 9.2% on a year-over-year basis. On average, equities research analysts anticipate that Zix Corp. will post $0.24 earnings per share for the current fiscal year.

In other Zix Corp. news, Director Richard Spurr sold 66,724 shares of the business’s stock in a transaction that occurred on Monday, May 2nd. The shares were sold at an average price of $3.77, for a total value of $251,549.48. Following the completion of the sale, the director now directly owns 236,524 shares of the company’s stock, valued at $891,695.48. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

A number of hedge funds have bought and sold shares of ZIXI. Globeflex Capital L P increased its stake in Zix Corp. by 39.4% in the fourth quarter. Globeflex Capital L P now owns 261,500 shares of the company’s stock valued at $1,328,000 after buying an additional 73,900 shares in the last quarter. Morgan Stanley increased its stake in Zix Corp. by 8.3% in the fourth quarter. Morgan Stanley now owns 383,488 shares of the company’s stock valued at $1,948,000 after buying an additional 29,434 shares in the last quarter. EAM Investors LLC increased its stake in Zix Corp. by 0.4% in the fourth quarter. EAM Investors LLC now owns 394,918 shares of the company’s stock valued at $2,006,000 after buying an additional 1,556 shares in the last quarter. Cowen Prime Services LLC acquired a new stake in Zix Corp. during the fourth quarter valued at approximately $2,078,000. Finally, GSA Capital Partners LLP increased its stake in Zix Corp. by 43.9% in the fourth quarter. GSA Capital Partners LLP now owns 864,777 shares of the company’s stock valued at $4,393,000 after buying an additional 263,785 shares in the last quarter.

Zix Corporation (ZixCorp) offers e-mail encryption, data loss prevention and bring-your-own-device (BYOD) security to meet business data protection and compliance needs. The Company operates in the segment of e-mail encryption and security solutions. The Company’s Zix Email Encryption enables the secure exchange of e-mails that include sensitive information through a secure messaging service.

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