VirnetX (NYSE:VHC) Shares Pass Above Two Hundred Day Moving Average – What’s Next?

Shares of VirnetX Holding Co. (NYSE:VHC) passed above its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of $5.95 and traded as high as $6.46. VirnetX shares last traded at $6.25, with a volume of 7,659 shares traded.

VirnetX Trading Down 1.9 %

The company has a market capitalization of $23.38 million, a price-to-earnings ratio of -1.11 and a beta of 1.05. The stock’s 50 day moving average price is $6.91 and its 200 day moving average price is $5.95.

VirnetX (NYSE:VHC) last announced its quarterly earnings results on Wednesday, August 14th. The technology company reported ($1.07) EPS for the quarter.

Hedge Funds Weigh In On VirnetX

Several large investors have recently modified their holdings of the stock. International Assets Investment Management LLC grew its position in shares of VirnetX by 647.4% in the third quarter. International Assets Investment Management LLC now owns 6,218 shares of the technology company’s stock valued at $44,000 after purchasing an additional 5,386 shares during the last quarter. Csenge Advisory Group boosted its stake in VirnetX by 45.3% in the 2nd quarter. Csenge Advisory Group now owns 17,070 shares of the technology company’s stock valued at $116,000 after purchasing an additional 5,319 shares during the period. Finally, Williams Jones Wealth Management LLC. grew its holdings in VirnetX by 312.3% in the 1st quarter. Williams Jones Wealth Management LLC. now owns 58,916 shares of the technology company’s stock valued at $373,000 after buying an additional 44,625 shares in the last quarter. 10.37% of the stock is owned by institutional investors.

VirnetX Company Profile

VirnetX Holding Corporation, through its subsidiary VirnetX, Inc, operates as an Internet security software and technology company primarily in the United States. The company develops software and technology solutions, including secure domain name registry and GABRIEL Connection Technology that are designed to secure communications over the Internet using zero trust network access.