VirnetX Holding Corp (NYSE:VHC - Get Free Report) shares passed above its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of $9.84 and traded as high as $16.83. VirnetX shares last traded at $16.44, with a volume of 19,733 shares traded.
Analyst Ratings Changes
Separately, Wall Street Zen raised VirnetX to a "sell" rating in a research report on Saturday.
Check Out Our Latest Stock Analysis on VirnetX
VirnetX Stock Performance
The stock has a 50-day simple moving average of $12.32 and a two-hundred day simple moving average of $9.94. The firm has a market cap of $55.78 million, a PE ratio of -2.70 and a beta of 1.67.
VirnetX (NYSE:VHC - Get Free Report) last issued its earnings results on Wednesday, May 14th. The technology company reported ($1.01) earnings per share for the quarter.
Hedge Funds Weigh In On VirnetX
A hedge fund recently raised its stake in VirnetX stock. Csenge Advisory Group grew its holdings in shares of VirnetX Holding Corp (NYSE:VHC - Free Report) by 11.4% in the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 24,002 shares of the technology company's stock after purchasing an additional 2,448 shares during the quarter. Csenge Advisory Group owned approximately 0.57% of VirnetX worth $177,000 as of its most recent filing with the Securities & Exchange Commission. 10.37% of the stock is owned by hedge funds and other institutional investors.
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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