VirnetX Holding Corp (NYSE:VHC - Get Free Report) shares crossed above its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of $12.98 and traded as high as $21.35. VirnetX shares last traded at $20.39, with a volume of 27,123 shares traded.
Analysts Set New Price Targets
Separately, Wall Street Zen upgraded shares of VirnetX from a "sell" rating to a "hold" rating in a research note on Saturday, August 16th.
Read Our Latest Analysis on VirnetX
VirnetX Stock Up 0.5%
The firm has a 50 day moving average of $16.48 and a two-hundred day moving average of $12.98. The firm has a market capitalization of $87.09 million, a price-to-earnings ratio of -4.25 and a beta of 1.84.
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 company had revenue of $0.05 million for the quarter.
Institutional Investors Weigh In On VirnetX
A hedge fund recently raised its stake in VirnetX stock. Geode Capital Management LLC increased its position in VirnetX Holding Corp (NYSE:VHC - Free Report) by 4.2% during the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 32,357 shares of the technology company's stock after purchasing an additional 1,318 shares during the period. Geode Capital Management LLC owned approximately 0.76% of VirnetX worth $351,000 at the end of the most recent quarter. Institutional investors and hedge funds own 10.37% of the company's stock.
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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