VirnetX (NYSE:VHC) Upgraded by Wall Street Zen to Sell Rating

VirnetX (NYSE:VHC) was upgraded by stock analysts at Wall Street Zen to a “sell” rating in a research report issued on Saturday.

VirnetX Trading Down 9.8%

VHC stock opened at $13.16 on Friday. VirnetX has a twelve month low of $3.68 and a twelve month high of $21.53. The stock has a market cap of $55.76 million, a P/E ratio of -2.70 and a beta of 1.56. The company’s 50 day moving average is $12.32 and its two-hundred day moving average is $9.94.

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

Institutional Trading of VirnetX

A hedge fund recently raised its stake in VirnetX stock. Csenge Advisory Group raised its stake in shares of VirnetX Holding Corp (NYSE:VHC) by 11.4% in the 1st quarter, according to its most recent Form 13F filing with the SEC. The fund owned 24,002 shares of the technology company’s stock after purchasing an additional 2,448 shares during the period. Csenge Advisory Group owned 0.57% of VirnetX worth $177,000 at the end of the most recent reporting period. 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.