VirnetX (NYSE:VHC) Stock Passes Above 200-Day Moving Average - Here's What Happened

VirnetX Holding Corp (NYSE:VHC - Get Free Report)'s stock price crossed above its two hundred day moving average during trading on Tuesday . The stock has a two hundred day moving average of $9.00 and traded as high as $18.30. VirnetX shares last traded at $17.44, with a volume of 10,881 shares trading hands.

VirnetX Stock Performance

The company has a 50 day moving average of $10.44 and a 200 day moving average of $9.21. The stock has a market capitalization of $86.24 million, a price-to-earnings ratio of -4.17 and a beta of 1.56.

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

Hedge Funds Weigh In On VirnetX

An institutional investor recently raised its position in VirnetX stock. Csenge Advisory Group grew its stake in VirnetX Holding Corp (NYSE:VHC - Free Report) by 11.4% in the 1st quarter, according to its most recent filing with the SEC. The firm owned 24,002 shares of the technology company's stock after buying an additional 2,448 shares during the quarter. Csenge Advisory Group owned 0.57% of VirnetX worth $177,000 as of its most recent filing with the SEC. Hedge funds and other institutional investors own 10.37% of the company's stock.

VirnetX Company Profile

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.