VirnetX (NYSE:VHC) Stock Crosses Above 200-Day Moving Average – Here’s What Happened

VirnetX Holding Corp (NYSE:VHC)’s stock price passed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $12.54 and traded as high as $16.95. VirnetX shares last traded at $16.20, with a volume of 3,317 shares traded.

Analyst Ratings Changes

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 Price Performance

The business’s 50 day moving average is $16.00 and its 200 day moving average is $12.54. The stock has a market cap of $69.19 million, a price-to-earnings ratio of -3.37 and a beta of 1.84.

VirnetX (NYSE:VHC) last issued its earnings results on Tuesday, August 12th. The technology company reported ($0.99) EPS for the quarter. The company had revenue of $0.05 million for the quarter.

Hedge Funds Weigh In On VirnetX

A hedge fund recently raised its stake in VirnetX stock. Geode Capital Management LLC raised its stake in VirnetX Holding Corp (NYSE:VHC) by 4.2% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 32,357 shares of the technology company’s stock after acquiring an additional 1,318 shares during the period. Geode Capital Management LLC owned 0.76% of VirnetX worth $351,000 as of its most recent filing with the Securities and Exchange Commission (SEC). Institutional investors own 10.37% of the company’s stock.

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.