VirnetX (NYSE:VHC) Share Price Passes Above 200-Day Moving Average – Time to Sell?

VirnetX Holding Co. (NYSE:VHC) passed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $6.37 and traded as high as $9.69. VirnetX shares last traded at $9.36, with a volume of 23,620 shares changing hands.

VirnetX Trading Up 3.0 %

The company has a 50-day moving average of $5.92 and a 200-day moving average of $6.37. The firm has a market capitalization of $34.90 million, a price-to-earnings ratio of -1.76 and a beta of 0.94.

Institutional Trading of VirnetX

A hedge fund recently raised its stake in VirnetX stock. International Assets Investment Management LLC boosted its stake in shares of VirnetX Holding Co. (NYSE:VHC) by 647.4% in the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 6,218 shares of the technology company’s stock after purchasing an additional 5,386 shares during the quarter. 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 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.