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

VirnetX Holding Co. (NYSE:VHC) crossed above its two hundred day moving average during trading on Thursday . The stock has a two hundred 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 traded.

VirnetX Price Performance

The company’s 50-day simple moving average is $5.20 and its 200-day simple moving average is $5.75. The stock has a market capitalization of $22.63 million, a P/E ratio of -0.79 and a beta of 1.08.

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

Institutional Investors Weigh In On VirnetX

A number of large investors have recently added to or reduced their stakes in VHC. Csenge Advisory Group lifted its stake in VirnetX by 45.3% during the second 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 last quarter. Forum Financial Management LP bought a new stake in VirnetX during the fourth quarter worth $126,000. Cannell & Co. bought a new stake in VirnetX during the fourth quarter worth $201,000. Finally, Williams Jones Wealth Management LLC. lifted its stake in VirnetX by 312.3% during the first 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 last quarter. Institutional investors and hedge funds 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.