VirnetX (NYSE:VHC) Stock Price Down 4.2% – Time to Sell?

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

VirnetX Price Performance

The stock has a market cap of $16.89 million, a P/E ratio of -0.86 and a beta of 1.06. The company has a 50 day simple moving average of $6.01 and a 200-day simple moving average of $6.05.

Institutional Inflows and Outflows

An institutional investor recently raised its position in VirnetX stock. International Assets Investment Management LLC grew its holdings in shares of VirnetX Holding Co. (NYSE:VHC) by 647.4% in the 3rd quarter, according to its most recent disclosure with the SEC. The fund 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.

VirnetX Company Profile

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.