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

VirnetX Holding Co. (NYSE:VHC) crossed 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 Price Performance

The firm has a market cap of $34.90 million, a price-to-earnings ratio of -1.76 and a beta of 0.94. The business’s 50-day moving average price is $5.92 and its two-hundred day moving average price is $6.37.

Institutional Trading of VirnetX

An institutional investor recently raised its position in VirnetX stock. International Assets Investment Management LLC boosted its holdings in VirnetX Holding Co. (NYSE:VHC) by 647.4% during the 3rd quarter, according to its most recent disclosure with the 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 approximately 0.17% of VirnetX worth $44,000 at the end of the most recent reporting period. 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.