VirnetX (NYSE:VHC) Shares Cross Above Two Hundred Day Moving Average of $5.93

VirnetX Holding Co. (NYSE:VHC) shares crossed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $5.93 and traded as high as $7.50. VirnetX shares last traded at $6.88, with a volume of 65,036 shares changing hands.

VirnetX Stock Performance

The stock has a fifty day moving average of $4.73 and a 200-day moving average of $5.93. The company has a market cap of $25.32 million, a PE ratio of -0.89 and a beta of 1.00.

VirnetX (NYSE:VHC) last posted its quarterly earnings data on Wednesday, May 15th. The technology company reported ($1.19) earnings per share (EPS) for the quarter. VirnetX had a negative net margin of 374,891.66% and a negative return on equity of 46.75%.

Institutional Investors Weigh In On VirnetX

Institutional investors and hedge funds have recently bought and sold shares of the company. Forum Financial Management LP bought a new stake in VirnetX during the 4th quarter valued at $126,000. Cannell & Co. bought a new position in shares of VirnetX in the 4th quarter worth $201,000. Finally, Williams Jones Wealth Management LLC. raised its position in shares of VirnetX by 312.3% in the 1st quarter. Williams Jones Wealth Management LLC. now owns 58,916 shares of the technology company’s stock worth $373,000 after acquiring 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.