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

Shares of VirnetX Holding Co. (NYSE:VHC) crossed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $6.50 and traded as high as $8.92. VirnetX shares last traded at $9.06, with a volume of 6,574 shares.

VirnetX Stock Up 2.3 %

The company has a market cap of $33.78 million, a PE ratio of -1.70 and a beta of 0.94. The business has a 50-day simple moving average of $6.31 and a 200-day simple moving average of $6.50.

Hedge Funds Weigh In On VirnetX

A hedge fund recently raised its stake in VirnetX stock. International Assets Investment Management LLC boosted its holdings in shares of VirnetX Holding Co. (NYSE:VHC) by 647.4% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor 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 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.