NEW YORK ( TheStreet) -- Zix Corporation (Nasdaq: ZIXI) hit a new 52-week high Wednesday as it traded at $4.88 compared with its previous 52-Week high of $4.85. Zix is changing hands at $4.84 with 230,913 shares traded as of 10:57 a.m. ET. Average volume has been 676,000 shares over the past 30 days. Zix has a market cap of $302.8 million and is part of the technology sector and internet industry. Shares are up 11.2% year to date as of the close of trading on Tuesday.

Zix Corporation provides Internet-based applications in a Software-as-a-Service model to connect, protect, and deliver information, enabling the use of the Internet for applications requiring security in the healthcare, finance, insurance, and government sectors primarily in the United States. The company has a P/E ratio of 78, equal to the average internet industry P/E ratio and above the S&P 500 P/E ratio of 23.4.

TheStreet Ratings rates Zix as a buy. The company's strengths can be seen in multiple areas, such as its notable return on equity, good cash flow from operations, impressive record of earnings per share growth, compelling growth in net income and robust revenue growth. Although the company may harbor some minor weaknesses, we feel they are unlikely to have a significant impact on results. You can view the full Zix Ratings Report.