VirnetX (NYSE:VHC) Stock Price Crosses Above 200 Day Moving Average of $5.84

Shares of VirnetX Holding Co. (NYSE:VHC) passed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $5.84 and traded as high as $7.35. VirnetX shares last traded at $7.03, with a volume of 11,764 shares trading hands.

VirnetX Stock Down 0.6 %

The stock has a market cap of $26.29 million, a PE ratio of -0.91 and a beta of 1.05. The business has a 50 day moving average price of $6.82 and a 200 day moving average price of $5.84.

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

Hedge Funds Weigh In On VirnetX

A hedge fund recently raised its stake in VirnetX stock. Csenge Advisory Group raised its position in shares of VirnetX Holding Co. (NYSE:VHC) by 45.3% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 17,070 shares of the technology company’s stock after acquiring an additional 5,319 shares during the quarter. Csenge Advisory Group owned approximately 0.46% of VirnetX worth $116,000 as of its most recent SEC filing. Institutional investors own 10.37% of the company’s stock.

About VirnetX

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.