VirnetX (NYSE:VHC) Stock Passes Above 200-Day Moving Average – Here’s What Happened

Shares of VirnetX Holding Co. (NYSE:VHC) passed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $6.26 and traded as high as $7.64. VirnetX shares last traded at $7.64, with a volume of 13,675 shares trading hands.

VirnetX Trading Up 7.6 %

The stock has a market cap of $28.49 million, a PE ratio of -1.43 and a beta of 0.94. The company has a fifty day moving average of $5.60 and a 200-day moving average of $6.26.

Institutional Investors Weigh In On VirnetX

A hedge fund recently raised its stake in VirnetX stock. International Assets Investment Management LLC increased its stake in shares of VirnetX Holding Co. (NYSE:VHC) by 647.4% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). 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 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.