VirnetX (NYSE:VHC) Share Price Passes Above 200 Day Moving Average – What’s Next?

VirnetX Holding Co. (NYSE:VHC) shares crossed above its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of $6.26 and traded as high as $7.64. VirnetX shares last traded at $7.64, with a volume of 13,675 shares.

VirnetX Trading Up 7.6 %

The business has a fifty day simple moving average of $5.63 and a 200 day simple moving average of $6.28. The stock has a market capitalization of $28.49 million, a P/E ratio of -1.43 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 lifted its holdings in VirnetX Holding Co. (NYSE:VHC) by 647.4% during the third quarter, according to 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 approximately 0.17% of VirnetX worth $44,000 at the end of the most recent reporting period. 10.37% of the stock is currently owned by 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.