Shares of VirnetX (NYSE:VHC) break above its 200-day moving average of $5.73

Shares of VirnetX Holding Co. (NYSE:VHC – Get Free Report ) broke above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $5.73 and traded as high as $7.46. VirnetX stock last traded at $7.00 with a volume of 8,351 shares trading.

VirnetX stock down 3.4%

The company has a market cap of $26.18 million, a PE ratio of -0.90 and a beta of 1.05. The company’s fifty day moving average is $6.40 and its 200 day moving average is $5.73.

Institutional inputs and outputs

Institutional investors have recently bought and sold shares of the company. Csenge Advisory Group grew its position in shares of VirnetX by 45.3% in the 2nd quarter. Csenge Advisory Group now owns 17,070 shares of the technology company’s stock valued at $116,000 after acquiring an additional 5,319 shares during the period. Forum Financial Management LP purchased a new position in VirnetX in the fourth quarter valued at $126,000. Finally, Williams Jones Wealth Management LLC. grew its holdings 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 purchasing an additional 44,625 shares during the period. Institutional investors own 10.37% of the company’s shares.

About VirnetX

(Get a free report)

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 the secure domain name registry and GABRIEL Connection technology, that are designed to secure communications over the Internet using zero-trust network access.

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