VirnetX (NYSE:VHC) Stock Price Passes Above 200-Day Moving Average – Time to Sell?

Shares of VirnetX Holding Corp (NYSE:VHC) crossed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $12.21 and traded as high as $17.49. VirnetX shares last traded at $16.80, with a volume of 2,505 shares trading hands.

Wall Street Analysts Forecast Growth

Separately, Wall Street Zen raised VirnetX from a “sell” rating to a “hold” rating in a research report on Saturday, August 16th.

VirnetX Price Performance

The firm has a market cap of $71.75 million, a PE ratio of -3.50 and a beta of 1.84. The company has a 50-day simple moving average of $15.87 and a 200-day simple moving average of $12.21.

VirnetX (NYSE:VHC) last issued its quarterly earnings results on Tuesday, August 12th. The technology company reported ($0.99) earnings per share for the quarter. The firm had revenue of $0.05 million during the quarter.

Institutional Trading of VirnetX

An institutional investor recently raised its position in VirnetX stock. Csenge Advisory Group lifted its stake in VirnetX Holding Corp (NYSE:VHC) by 11.4% during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 24,002 shares of the technology company’s stock after purchasing an additional 2,448 shares during the period. Csenge Advisory Group owned about 0.57% of VirnetX worth $177,000 at the end of the most recent quarter. 10.37% of the stock is currently owned by institutional investors.

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.