VirnetX (NYSE:VHC) Share Price Passes Above Two Hundred Day Moving Average – What’s Next?

VirnetX Holding Co. (NYSE:VHC) shares passed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $6.50 and traded as high as $8.92. VirnetX shares last traded at $9.06, with a volume of 6,574 shares.

VirnetX Stock Up 2.3 %

The stock has a market cap of $33.78 million, a PE ratio of -1.70 and a beta of 0.94. The business has a 50 day moving average price of $6.31 and a 200 day moving average price of $6.50.

Institutional Trading of VirnetX

A hedge fund recently raised its stake in VirnetX stock. International Assets Investment Management LLC lifted its stake in VirnetX Holding Co. (NYSE:VHC) by 647.4% during the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 6,218 shares of the technology company’s stock after buying an additional 5,386 shares during the quarter. International Assets Investment Management LLC owned approximately 0.17% of VirnetX worth $44,000 as of its most recent SEC filing. 10.37% of the stock is currently owned by institutional investors.

About VirnetX

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.