Shares of VirnetX Holding Corp (NYSE:VHC - Get Free Report) crossed above its two hundred day moving average during trading on Tuesday . The stock has a two hundred day moving average of $12.54 and traded as high as $16.95. VirnetX shares last traded at $16.20, with a volume of 3,317 shares changing hands.
Analysts Set New Price Targets
Separately, Wall Street Zen raised shares of VirnetX from a "sell" rating to a "hold" rating in a research report on Saturday, August 16th.
Read Our Latest Report on VirnetX
VirnetX Stock Down 4.6%
The company has a market cap of $69.19 million, a PE ratio of -3.37 and a beta of 1.84. The business has a 50-day simple moving average of $16.00 and a 200-day simple moving average of $12.54.
VirnetX (NYSE:VHC - Get Free Report) last announced its earnings results 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
An institutional investor recently raised its position in VirnetX stock. Csenge Advisory Group grew its holdings in VirnetX Holding Corp (NYSE:VHC - Free Report) by 11.4% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 24,002 shares of the technology company's stock after acquiring an additional 2,448 shares during the period. Csenge Advisory Group owned about 0.57% of VirnetX worth $177,000 as of its most recent filing with the Securities & Exchange Commission. 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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