Zix Co. (NASDAQ:ZIXI) hit a new 52-week high on Monday . The stock traded as high as $8.50 and last traded at $8.37, with a volume of 26903 shares traded. The stock had previously closed at $8.29.
ZIXI has been the subject of several research reports. Craig Hallum upgraded ZIX from a “hold” rating to a “buy” rating and set a $8.00 target price for the company in a report on Wednesday, October 24th. BidaskClub upgraded ZIX from a “buy” rating to a “strong-buy” rating in a report on Tuesday, January 29th. ValuEngine upgraded ZIX from a “buy” rating to a “strong-buy” rating in a report on Friday, October 26th. Northland Securities initiated coverage on ZIX in a report on Friday, November 16th. They issued an “outperform” rating and a $9.00 target price for the company. Finally, Zacks Investment Research upgraded ZIX from a “hold” rating to a “buy” rating and set a $6.50 target price for the company in a report on Saturday, January 19th. One equities research analyst has rated the stock with a hold rating, three have assigned a buy rating and two have assigned a strong buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and an average target price of $7.00.
The company has a market capitalization of $450.39 million, a price-to-earnings ratio of 103.13, a price-to-earnings-growth ratio of 1.48 and a beta of 0.99.
About ZIX (NASDAQ:ZIXI)
Zix Corporation provides email encryption, threat protection, archiving, bring-your-own-device security, and data loss prevention solutions for the healthcare, financial services, insurance, and government sectors primarily in the United States. The company offers Zix Email Encryption that allows an enterprise to use policy-driven rules to determine email messages that should be sent securely to comply with regulations or company-defined policies.
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