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

VirnetX (NYSE:VHC) was upgraded by investment analysts at Wall Street Zen from a “sell” rating to a “hold” rating in a research note issued to investors on Saturday.

VirnetX Stock Up 0.3%

VHC stock opened at $14.05 on Friday. The business has a 50 day moving average price of $13.68 and a two-hundred day moving average price of $10.38. The company has a market cap of $59.99 million, a price-to-earnings ratio of -2.93 and a beta of 1.67. VirnetX has a twelve month low of $3.68 and a twelve month high of $21.53.

VirnetX (NYSE:VHC) last posted its quarterly earnings results on Tuesday, August 12th. The technology company reported ($0.99) earnings per share for the quarter. The business had revenue of $0.05 million during the quarter.

Institutional Inflows and Outflows

An institutional investor recently raised its position in VirnetX stock. Csenge Advisory Group boosted its position in VirnetX Holding Corp (NYSE:VHC) by 11.4% in the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor 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 quarter. 10.37% of the stock is owned by institutional investors.

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.