Zix Corp. (NASDAQ:ZIXI)’s share price traded down 3.4% during mid-day trading on Friday . The stock traded as low as $3.70 and last traded at $3.70, with a volume of 56,276 shares trading hands. The stock had previously closed at $3.83.

Several equities analysts have recently issued reports on the company. Zacks Investment Research cut Zix Corp. from a “hold” rating to a “sell” rating in a report on Tuesday, August 2nd. TheStreet lowered Zix Corp. from a “buy” rating to a “hold” rating in a research note on Tuesday, July 26th. Finally, Imperial Capital restated an “outperform” rating and issued a $5.50 price target on shares of Zix Corp. in a research note on Monday, July 25th. One analyst has rated the stock with a sell rating, one has assigned a hold rating and three have given a buy rating to the company. The stock presently has an average rating of “Hold” and a consensus target price of $5.50.

The firm’s 50-day moving average is $3.92 and its 200 day moving average is $3.96. The firm has a market capitalization of $194.45 million and a PE ratio of 41.82.

Zix Corp. (NASDAQ:ZIXI) last issued its quarterly earnings data on Tuesday, July 26th. The company reported $0.06 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.06. During the same period in the previous year, the business posted $0.04 EPS. The firm had revenue of $14.90 million for the quarter, compared to analysts’ expectations of $14.70 million. The business’s revenue for the quarter was up 12.0% compared to the same quarter last year. Equities research analysts forecast that Zix Corp. will post $0.24 earnings per share for the current year.

A hedge fund recently raised its stake in Zix Corp. stock. Dimensional Fund Advisors LP boosted its stake in Zix Corp. (NASDAQ:ZIXI) by 4.8% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,606,779 shares of the company’s stock after buying an additional 73,359 shares during the period. Dimensional Fund Advisors LP owned 2.89% of Zix Corp. worth $8,162,000 as of its most recent SEC filing.

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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