VirnetX (NYSE:VHC) Stock Passes Above 200-Day Moving Average – Here’s What Happened

VirnetX Holding Co. (NYSE:VHC)’s stock price passed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $5.92 and traded as high as $6.98. VirnetX shares last traded at $6.68, with a volume of 17,680 shares.

VirnetX Stock Down 3.0 %

The company’s 50-day moving average is $7.12 and its two-hundred day moving average is $5.92. The company has a market cap of $24.59 million, a P/E ratio of -0.86 and a beta of 1.05.

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

Institutional Investors Weigh In On VirnetX

A hedge fund recently raised its stake in VirnetX stock. Williams Jones Wealth Management LLC. lifted its stake in VirnetX Holding Co. (NYSE:VHC) by 312.3% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 58,916 shares of the technology company’s stock after acquiring an additional 44,625 shares during the period. Williams Jones Wealth Management LLC. owned approximately 1.60% of VirnetX worth $373,000 at the end of the most recent reporting period. Institutional investors and hedge funds own 10.37% of the company’s stock.

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.