VirnetX Holding Corp (NYSE:VHC - Get Free Report)'s share price passed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $10.76 and traded as high as $14.50. VirnetX shares last traded at $14.00, with a volume of 6,539 shares changing hands.
Analysts Set New Price Targets
Separately, Wall Street Zen raised VirnetX from a "sell" rating to a "hold" rating in a research note on Saturday, August 16th.
Get Our Latest Stock Analysis on VHC
VirnetX Stock Down 4.5%
The company has a market cap of $79.53 million, a PE ratio of -3.88 and a beta of 1.74. The company has a 50-day moving average of $15.37 and a 200-day moving average of $10.96.
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 company had revenue of $0.05 million during the quarter.
Institutional Inflows and Outflows
A hedge fund recently raised its stake in VirnetX stock. Geode Capital Management LLC boosted its holdings in VirnetX Holding Corp (NYSE:VHC - Free Report) by 4.2% during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund 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 about 0.76% of VirnetX worth $351,000 as of its most recent SEC filing. Hedge funds and other institutional investors own 10.37% of the company's stock.
VirnetX Company Profile
(
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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.
Further Reading
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