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

VirnetX Holding Co. (NYSE:VHC)’s stock price passed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $6.19 and traded as high as $7.71. VirnetX shares last traded at $7.15, with a volume of 10,679 shares changing hands.

VirnetX Price Performance

The business’s 50-day moving average price is $5.55 and its 200 day moving average price is $6.21. The firm has a market capitalization of $26.55 million, a price-to-earnings ratio of -1.34 and a beta of 0.94.

Hedge Funds Weigh In On VirnetX

An institutional investor recently raised its position in VirnetX stock. International Assets Investment Management LLC grew its position in shares of VirnetX Holding Co. (NYSE:VHC) by 647.4% during the third quarter, according to the company in its most recent 13F filing 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 period. International Assets Investment Management LLC owned about 0.17% of VirnetX worth $44,000 as of its most recent SEC filing. 10.37% of the stock is owned by hedge funds and other 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.