VirnetX (NYSE:VHC) Share Price Crosses Above Two Hundred Day Moving Average – Should You Sell?

VirnetX Holding Co. (NYSE:VHC)’s stock price crossed above its 200-day moving average during trading on Friday . The stock has a 200-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 firm’s 50-day moving average is $6.91 and its 200 day moving average is $5.95. The firm has a market capitalization of $23.38 million, a price-to-earnings ratio of -1.11 and a beta of 1.05.

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

Institutional Investors Weigh In On VirnetX

Several hedge funds have recently added to or reduced their stakes in the business. Williams Jones Wealth Management LLC. lifted 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 purchasing an additional 44,625 shares during the period. Csenge Advisory Group lifted its position in shares of VirnetX by 45.3% in the 2nd quarter. Csenge Advisory Group now owns 17,070 shares of the technology company’s stock worth $116,000 after purchasing an additional 5,319 shares during the period. Finally, International Assets Investment Management LLC lifted its position in shares of VirnetX by 647.4% in the 3rd quarter. International Assets Investment Management LLC now owns 6,218 shares of the technology company’s stock worth $44,000 after purchasing an additional 5,386 shares during the period. 10.37% of the stock is currently owned by institutional investors and hedge funds.

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.