VirnetX (NYSE:VHC) Stock Price Passes Above 200 Day Moving Average – What’s Next?

VirnetX Holding Co. (NYSE:VHC)’s stock price passed above its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of $8.02 and traded as high as $8.81. VirnetX shares last traded at $8.00, with a volume of 7,876 shares trading hands.

VirnetX Stock Down 6.8%

The firm has a 50 day moving average of $8.54 and a two-hundred day moving average of $8.02. The firm has a market capitalization of $33.89 million, a price-to-earnings ratio of -1.50 and a beta of 1.46.

VirnetX (NYSE:VHC) last announced its quarterly earnings results on Wednesday, May 14th. The technology company reported ($1.01) EPS for the quarter.

Institutional Investors Weigh In On VirnetX

An institutional investor recently raised its position in VirnetX stock. Csenge Advisory Group lifted its stake in shares of VirnetX Holding Co. (NYSE:VHC) by 11.4% during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 24,002 shares of the technology company’s stock after buying an additional 2,448 shares during the period. Csenge Advisory Group owned about 0.57% of VirnetX worth $177,000 at the end of the most recent quarter. 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.