VirnetX (NYSE:VHC) Share Price Passes Above 200 Day Moving Average - Should You Sell?

Key Points

• VirnetX shares have crossed above their 200-day moving average of $12.21, currently trading at $16.80.
• The stock received an analyst upgrade from a "sell" to a "hold" rating by Wall Street Zen on August 16th.
• VirnetX reported a quarterly earnings per share of ($0.99) and revenue of $0.05 million on August 12th.

VirnetX Holding Corp (NYSE:VHC - Get Free Report) shares crossed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $12.21 and traded as high as $17.49. VirnetX shares last traded at $16.80, with a volume of 2,505 shares trading hands.

Analyst Upgrades and Downgrades

Separately, Wall Street Zen upgraded VirnetX from a "sell" rating to a "hold" rating in a research note on Saturday, August 16th.

VirnetX Stock Up 1.8%

The company has a market capitalization of $71.75 million, a P/E ratio of -3.50 and a beta of 1.84. The business has a 50 day moving average of $15.87 and a 200 day moving average of $12.21.

VirnetX (NYSE:VHC - Get Free Report) last released its quarterly earnings data on Tuesday, August 12th. The technology company reported ($0.99) earnings per share (EPS) for the quarter. The business had revenue of $0.05 million during the quarter.

Hedge Funds Weigh In On VirnetX

A hedge fund recently raised its stake in VirnetX stock. Csenge Advisory Group lifted its holdings in VirnetX Holding Corp (NYSE:VHC - Free Report) by 11.4% during the first quarter, according to the company in its most recent 13F filing 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 reporting period. Hedge funds and other institutional investors 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.

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