VirnetX (NYSE:VHC) Stock Crosses Above 200-Day Moving Average – Time to Sell?

VirnetX Holding Co. (NYSE:VHC)’s stock price crossed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $5.93 and traded as high as $6.47. VirnetX shares last traded at $6.46, with a volume of 397 shares traded.

VirnetX Price Performance

The stock has a 50 day moving average price of $7.01 and a two-hundred day moving average price of $5.93. The firm has a market capitalization of $24.16 million, a price-to-earnings ratio of -1.15 and a beta of 1.05.

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

Institutional Trading of VirnetX

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% during the third quarter. International Assets Investment Management LLC now owns 6,218 shares of the technology company’s stock worth $44,000 after buying an additional 5,386 shares in the last quarter. Csenge Advisory Group grew its holdings in VirnetX by 45.3% during the 2nd quarter. Csenge Advisory Group now owns 17,070 shares of the technology company’s stock worth $116,000 after acquiring an additional 5,319 shares in the last quarter. Finally, Williams Jones Wealth Management LLC. increased 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 valued at $373,000 after purchasing an additional 44,625 shares during the last quarter. Hedge funds and other 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.