VirnetX (NYSE:VHC) Stock Price Crosses Above 200 Day Moving Average – Here’s What Happened

Shares of VirnetX Holding Corp (NYSE:VHC) passed above its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of $10.57 and traded as high as $14.26. VirnetX shares last traded at $12.60, with a volume of 15,027 shares traded.

Analysts Set New Price Targets

Separately, Wall Street Zen raised shares of VirnetX from a “sell” rating to a “hold” rating in a research report on Saturday, August 16th.

VirnetX Stock Down 5.4%

The firm’s 50-day moving average price is $14.20 and its 200-day moving average price is $10.57. The company has a market cap of $53.82 million, a P/E ratio of -2.63 and a beta of 1.67.

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

Institutional Trading of VirnetX

An institutional investor recently raised its position in VirnetX stock. Csenge Advisory Group increased its position in shares of VirnetX Holding Corp (NYSE:VHC) by 11.4% during the first quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 24,002 shares of the technology company’s stock after acquiring an additional 2,448 shares during the period. Csenge Advisory Group owned approximately 0.57% of VirnetX worth $177,000 as of its most recent filing with the Securities and Exchange Commission. Hedge funds and other institutional investors 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.