VirnetX (NYSE:VHC) Share Price Passes Above 200-Day Moving Average – Here’s Why

VirnetX Holding Co. (NYSE:VHC)’s stock price 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.

VirnetX Stock Performance

The business has a 50 day moving average of $5.98 and a two-hundred day moving average of $6.39. The stock has a market capitalization of $33.27 million, a PE ratio of -1.67 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 grew its position in VirnetX Holding Co. (NYSE:VHC) by 647.4% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm 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 0.17% of VirnetX worth $44,000 as of its most recent SEC filing. Hedge funds and other 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.