Zix Corp. (NASDAQ:ZIXI) shares saw strong trading volume on Friday . 238,160 shares changed hands during mid-day trading, an increase of 28% from the previous session’s volume of 186,193 shares.The stock last traded at $3.72 and had previously closed at $3.71.

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

The stock’s 50-day moving average price is $3.91 and its 200-day moving average price is $3.92. The company has a market capitalization of $197.09 million and a price-to-earnings ratio of 42.39.

Zix Corp. (NASDAQ:ZIXI) last posted its quarterly earnings results on Tuesday, July 26th. The company reported $0.06 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.06. During the same quarter in the previous year, the company earned $0.04 earnings per share. The business had revenue of $14.90 million for the quarter, compared to analysts’ expectations of $14.70 million. The business’s quarterly revenue was up 12.0% on a year-over-year basis. Analysts expect that Zix Corp. will post $0.24 earnings per share for the current fiscal year.

A hedge fund recently raised its stake in Zix Corp. stock. Dimensional Fund Advisors LP boosted its stake in shares of Zix Corp. (NASDAQ:ZIXI) by 4.8% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. 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 approximately 2.89% of Zix Corp. worth $8,162,000 at the end of the most recent reporting period.

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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