VirnetX Holding Corp (NYSE:VHC - Get Free Report)'s stock price passed above its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of $11.79 and traded as high as $18.12. VirnetX shares last traded at $17.14, with a volume of 30,336 shares trading hands.
Wall Street Analyst Weigh In
Separately, Wall Street Zen upgraded VirnetX from a "sell" rating to a "hold" rating in a report on Saturday, August 16th.
Read Our Latest Research Report on VHC
VirnetX Price Performance
The stock has a 50-day moving average price of $16.15 and a 200 day moving average price of $11.79. The firm has a market cap of $73.20 million, a price-to-earnings ratio of -3.57 and a beta of 1.74.
VirnetX (NYSE:VHC - Get Free Report) last posted its earnings results 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 Investors Weigh In On VirnetX
A hedge fund recently raised its stake in VirnetX stock. Geode Capital Management LLC boosted its stake in VirnetX Holding Corp (NYSE:VHC - Free Report) by 4.2% during the second quarter, according to the company in its most recent filing with the SEC. The institutional investor 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 approximately 0.76% of VirnetX worth $351,000 as of its most recent filing with the SEC. 10.37% of the stock is owned by institutional investors.
About VirnetX
(
Get Free Report)
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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