VirnetX (NYSE:VHC) Share Price Crosses Above 200-Day Moving Average – Should You Sell?
by Teresa Graham · The Cerbat GemVirnetX Holding Corp (NYSE:VHC – Get Free Report) crossed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $17.25 and traded as high as $18.25. VirnetX shares last traded at $17.29, with a volume of 26,373 shares trading hands.
VirnetX Price Performance
The stock has a market cap of $71.28 million, a PE ratio of -3.48 and a beta of 2.09. The company’s fifty day moving average is $20.77 and its 200-day moving average is $17.30.
Institutional Trading of VirnetX
Several hedge funds and other institutional investors have recently bought and sold shares of the stock. Vanguard Group Inc. lifted its holdings in VirnetX by 2.9% in the third quarter. Vanguard Group Inc. now owns 172,337 shares of the technology company’s stock valued at $2,947,000 after acquiring an additional 4,815 shares during the period. Geode Capital Management LLC grew its stake in shares of VirnetX by 4.2% during the 2nd quarter. Geode Capital Management LLC now owns 32,357 shares of the technology company’s stock worth $351,000 after purchasing an additional 1,318 shares during the period. JPMorgan Chase & Co. increased its holdings in shares of VirnetX by 9,676.5% during the 3rd quarter. JPMorgan Chase & Co. now owns 4,986 shares of the technology company’s stock valued at $85,000 after purchasing an additional 4,935 shares in the last quarter. Finally, Csenge Advisory Group lifted its stake in shares of VirnetX by 44.1% in the 3rd quarter. Csenge Advisory Group now owns 59,968 shares of the technology company’s stock valued at $1,079,000 after purchasing an additional 18,353 shares during the period. 10.37% of the stock is owned by institutional investors and hedge funds.
VirnetX Company Profile
VirnetX Holding Corporation (NYSE: VHC) is a patent licensing and technology development company specializing in secure communications and networking. The company’s core business centers on the design, development and monetization of patented software solutions that enable secure domain name system (SDNS) protocols, end-to-end encryption, and real-time collaboration across voice, video and messaging services.
At the heart of VirnetX’s offerings is its proprietary “GABRIEL” technology, an SDNS platform that underpins encrypted voice-over-IP (VoIP), video conferencing and secure messaging applications.