VirnetX (NYSE:VHC) Stock Price Down 4.2% – Here’s What Happened

VirnetX Holding Co. (NYSE:VHC)’s stock price was down 4.2% on Monday . The stock traded as low as $4.52 and last traded at $4.75. Approximately 17,925 shares traded hands during trading, an increase of 72% from the average daily volume of 10,403 shares. The stock had previously closed at $4.96.

VirnetX Trading Down 4.2 %

The business has a fifty day moving average price of $6.06 and a two-hundred day moving average price of $6.04. The company has a market cap of $17.72 million, a price-to-earnings ratio of -0.89 and a beta of 1.06.

Institutional Trading of VirnetX

An institutional investor recently raised its position in VirnetX stock. International Assets Investment Management LLC raised its holdings in VirnetX Holding Co. (NYSE:VHC) by 647.4% in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 6,218 shares of the technology company’s stock after acquiring an additional 5,386 shares during the quarter. International Assets Investment Management LLC owned about 0.17% of VirnetX worth $44,000 at the end of the most recent quarter. Institutional investors and hedge funds 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.