Share price of VirnetX (NYSE:VHC) is above its 200-day moving average of $5.84

Shares of VirnetX Holding Co. (NYSE:VHC – Get Free Report ) moved above its 200-day moving average during trading on Friday. The stock has a 200-day moving average of $5.84 and traded as high as $7.35. VirnetX stock last traded at $7.03 with a volume of 11,764 shares trading.

VirnetX stock down 0.6%

The stock has a market cap of $26.29 million, a PE ratio of -0.91 and a beta of 1.05. The company has a 50-day moving average price of $6.82 and a 200-day moving average price of $5.84.

VirnetX (NYSE:VHC – Get Free Report ) last announced its quarterly earnings results on Wednesday, August 14th. The technology company reported ($1.07) earnings per share (EPS) for the quarter.

Hedge funds influence VirnetX

A hedge fund recently increased its stake in VirnetX. Csenge Advisory Group grew its position in shares of VirnetX Holding Co. (NYSE:VHC – Free Report) by 45.3% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 17,070 shares of the technology company’s stock after acquiring an additional 5,319 shares during the quarter. Csenge Advisory Group owned approximately 0.46% of VirnetX worth $116,000 as of its most recent SEC filing. 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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