VirnetX (NYSE:VHC) Stock Price Crosses Above Two Hundred Day Moving Average - Should You Sell?

Key Points

• VirnetX Holding Corp's stock price crossed above its 200-day moving average of $11.45, reaching a high of $17.50 before trading at $17.05.
• Wall Street analysts recently upgraded VirnetX from a "sell" rating to a "hold" rating, indicating a more favorable outlook on the stock.
• The company reported a quarterly loss of ($0.99) EPS with revenue of just $0.05 million, suggesting ongoing financial challenges.

Shares of VirnetX Holding Corp (NYSE:VHC - Get Free Report) crossed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $11.45 and traded as high as $17.50. VirnetX shares last traded at $17.05, with a volume of 2,754 shares traded.

Analyst Upgrades and Downgrades

Separately, Wall Street Zen upgraded shares of VirnetX from a "sell" rating to a "hold" rating in a research note on Saturday, August 16th.

VirnetX Stock Up 6.4%

The stock's 50-day moving average is $16.23 and its 200-day moving average is $11.45. The firm has a market cap of $72.78 million, a P/E ratio of -3.55 and a beta of 1.74.

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 for the quarter.

Hedge Funds Weigh In On VirnetX

An institutional investor recently raised its position in VirnetX stock. Csenge Advisory Group raised its holdings in VirnetX Holding Corp (NYSE:VHC - Free Report) by 11.4% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (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 SEC filing. 10.37% of the stock is owned by hedge funds and other institutional investors.

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.

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