VirnetX (NYSE:VHC) Stock Price Down 4.2% – Here’s Why

VirnetX Holding Co. (NYSE:VHC) traded down 4.2% during mid-day trading on Monday . The stock traded as low as $4.52 and last traded at $4.75. 17,925 shares traded hands during mid-day trading, an increase of 72% from the average session volume of 10,403 shares. The stock had previously closed at $4.96.

VirnetX Trading Down 1.5 %

The stock has a market capitalization of $16.89 million, a PE ratio of -0.86 and a beta of 1.06. The firm has a 50-day moving average price of $6.01 and a 200-day moving average price of $6.05.

Institutional Trading of VirnetX

A hedge fund recently raised its stake in VirnetX stock. International Assets Investment Management LLC boosted its position in shares of VirnetX Holding Co. (NYSE:VHC) by 647.4% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 6,218 shares of the technology company’s stock after acquiring an additional 5,386 shares during the period. International Assets Investment Management LLC owned 0.17% of VirnetX worth $44,000 as of its most recent SEC filing. Hedge funds and other institutional investors 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.