VirnetX (NYSE:VHC) Stock Passes Above Two Hundred Day Moving Average – Time to Sell?

VirnetX Holding Co. (NYSE:VHC) shares passed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $6.72 and traded as high as $9.06. VirnetX shares last traded at $8.99, with a volume of 2,379 shares traded.

VirnetX Stock Performance

The company’s 50 day moving average price is $6.97 and its 200-day moving average price is $6.72. The company has a market cap of $33.51 million, a price-to-earnings ratio of -1.69 and a beta of 0.95.

Institutional Investors Weigh In On VirnetX

An institutional investor recently raised its position in VirnetX stock. International Assets Investment Management LLC grew its holdings in VirnetX Holding Co. (NYSE:VHC) by 647.4% in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 6,218 shares of the technology company’s stock after purchasing an additional 5,386 shares during the period. International Assets Investment Management LLC owned approximately 0.17% of VirnetX worth $44,000 as of its most recent SEC filing. 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.