VirnetX Holding Corp (NYSE:VHC - Get Free Report)'s stock price passed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $10.23 and traded as high as $16.46. VirnetX shares last traded at $15.87, with a volume of 3,307 shares traded.
Analysts Set New Price Targets
Separately, Wall Street Zen raised VirnetX from a "sell" rating to a "hold" rating in a research report on Saturday.
Get Our Latest Stock Report on VHC
VirnetX Stock Up 0.3%
The firm has a 50 day moving average price of $13.68 and a 200 day moving average price of $10.38. The stock has a market cap of $59.99 million, a P/E ratio of -2.93 and a beta of 1.67.
VirnetX (NYSE:VHC - Get Free Report) last posted its quarterly earnings data on Tuesday, August 12th. The technology company reported ($0.99) EPS for the quarter. The firm had revenue of $0.05 million during the quarter.
Institutional Inflows and Outflows
A hedge fund recently raised its stake in VirnetX stock. Geode Capital Management LLC lifted its stake in VirnetX Holding Corp (NYSE:VHC - Free Report) by 4.2% during the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 32,357 shares of the technology company's stock after buying an additional 1,318 shares during the quarter. Geode Capital Management LLC owned about 0.76% of VirnetX worth $351,000 as of its most recent filing with the Securities & Exchange Commission. Institutional investors own 10.37% of the company's stock.
About VirnetX
(
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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.
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