VirnetX (NYSE:VHC) Stock Passes Above 200 Day Moving Average – Should You Sell?

VirnetX Holding Co. (NYSE:VHC) passed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $5.95 and traded as high as $6.46. VirnetX shares last traded at $6.25, with a volume of 7,659 shares changing hands.

VirnetX Trading Down 1.9 %

The stock’s 50-day simple moving average is $6.91 and its 200-day simple moving average is $5.95. The stock has a market cap of $23.38 million, a price-to-earnings ratio of -1.11 and a beta of 1.05.

VirnetX (NYSE:VHC) last issued its quarterly earnings results on Wednesday, August 14th. The technology company reported ($1.07) earnings per share (EPS) for the quarter.

Institutional Investors Weigh In On VirnetX

A number of large investors have recently bought and sold shares of the company. International Assets Investment Management LLC lifted its stake in VirnetX by 647.4% during the third quarter. International Assets Investment Management LLC now owns 6,218 shares of the technology company’s stock worth $44,000 after purchasing an additional 5,386 shares during the last quarter. Csenge Advisory Group raised its holdings in shares of VirnetX by 45.3% during the 2nd quarter. Csenge Advisory Group now owns 17,070 shares of the technology company’s stock worth $116,000 after buying an additional 5,319 shares in the last quarter. Finally, Williams Jones Wealth Management LLC. lifted its position in shares of VirnetX by 312.3% during the 1st quarter. Williams Jones Wealth Management LLC. now owns 58,916 shares of the technology company’s stock worth $373,000 after buying an additional 44,625 shares during the last quarter. 10.37% of the stock is currently owned by institutional investors and hedge funds.

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.