VirnetX (NYSE:VHC) Shares Cross Above Two Hundred Day Moving Average of $5.93

Shares of VirnetX Holding Co. (NYSE:VHC) passed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $5.93 and traded as high as $7.50. VirnetX shares last traded at $6.88, with a volume of 65,036 shares trading hands.

VirnetX Price Performance

The stock has a 50-day simple moving average of $4.73 and a 200-day simple moving average of $5.93. The stock has a market cap of $25.32 million, a P/E ratio of -0.89 and a beta of 1.00.

VirnetX (NYSE:VHC) last released its quarterly earnings results on Wednesday, May 15th. The technology company reported ($1.19) earnings per share for the quarter. VirnetX had a negative return on equity of 46.75% and a negative net margin of 374,891.66%.

Institutional Trading of VirnetX

Several institutional investors have recently added to or reduced their stakes in VHC. Forum Financial Management LP acquired a new position in VirnetX in the fourth quarter valued at approximately $126,000. Cannell & Co. acquired a new position in VirnetX in the fourth quarter valued at approximately $201,000. Finally, Williams Jones Wealth Management LLC. lifted its stake in VirnetX by 312.3% in the first quarter. Williams Jones Wealth Management LLC. now owns 58,916 shares of the technology company’s stock valued at $373,000 after buying an additional 44,625 shares during the 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.