VirnetX (NYSE:VHC) Stock Passes Above 200-Day Moving Average of $5.74

VirnetX Holding Co. (NYSE:VHC) shares crossed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $5.74 and traded as high as $6.55. VirnetX shares last traded at $6.43, with a volume of 10,013 shares.

VirnetX Trading Down 4.4 %

The firm has a market cap of $22.63 million, a P/E ratio of -0.79 and a beta of 1.08. The firm has a 50-day simple moving average of $5.20 and a 200-day simple moving average of $5.75.

VirnetX (NYSE:VHC) last announced its earnings results on Wednesday, May 15th. The technology company reported ($1.19) earnings per share (EPS) for the quarter.

Hedge Funds Weigh In On VirnetX

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Csenge Advisory Group raised its stake in 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 acquiring an additional 5,319 shares during the last quarter. Forum Financial Management LP purchased a new position in VirnetX in the 4th quarter worth $126,000. Cannell & Co. purchased a new position in VirnetX in the 4th quarter worth $201,000. Finally, Williams Jones Wealth Management LLC. raised its stake in 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 during the last quarter. Hedge funds and other institutional investors 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.