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

VirnetX logo with Computer and Technology background

Shares of VirnetX Holding Corp (NYSE:VHC - Get Free Report) crossed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $8.57 and traded as high as $12.34. VirnetX shares last traded at $12.22, with a volume of 7,089 shares traded.

VirnetX Trading Up 10.3%

The firm has a market capitalization of $57.69 million, a P/E ratio of -2.79 and a beta of 1.56. The firm has a 50-day moving average of $8.91 and a two-hundred day moving average of $8.57.

VirnetX (NYSE:VHC - Get Free Report) last announced its quarterly earnings data on Wednesday, May 14th. The technology company reported ($1.01) earnings per share for the quarter.

Institutional Trading of VirnetX

An institutional investor recently raised its position in VirnetX stock. Csenge Advisory Group boosted its position in VirnetX Holding Corp (NYSE:VHC - Free Report) by 11.4% in the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 24,002 shares of the technology company's stock after purchasing an additional 2,448 shares during the period. Csenge Advisory Group owned 0.57% of VirnetX worth $177,000 at the end of the most recent quarter. Hedge funds and other institutional investors own 10.37% of the company's stock.

VirnetX Company Profile

(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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