Virnetx (NASDAQ:VHC) Trading Down 0.8% – Should You Sell?

Shares of Virnetx Holding Corp (NASDAQ:VHC) traded down 0.8% during trading on Friday . The stock traded as low as $10.00 and last traded at $10.28. Approximately 11,801 shares changed hands during trading, a decline of 56% from the average session volume of 26,944 shares. The stock had previously closed at $10.36.

Wall Street Analyst Weigh In

A number of equities analysts have weighed in on VHC shares. Wall Street Zen upgraded shares of Virnetx to a “sell” rating in a report on Sunday. Weiss Ratings restated a “sell (d-)” rating on shares of Virnetx in a report on Thursday, June 18th. One analyst has rated the stock with a Sell rating, According to MarketBeat.com, the stock presently has an average rating of “Sell”.

Virnetx Trading Down 0.8%

The stock has a market cap of $43.07 million, a price-to-earnings ratio of -1.99 and a beta of 2.29. The firm has a fifty day moving average price of $13.27.

Virnetx (NASDAQ:VHC) last posted its quarterly earnings results on Friday, May 15th. The company reported ($1.16) EPS for the quarter.

Hedge Funds Weigh In On Virnetx

Hedge funds have recently made changes to their positions in the business. JPMorgan Chase & Co. boosted its position in Virnetx by 9,676.5% during the 3rd quarter. JPMorgan Chase & Co. now owns 4,986 shares of the company’s stock worth $85,000 after purchasing an additional 4,935 shares during the period. State Street Corp raised its position in Virnetx by 21.9% in the fourth quarter. State Street Corp now owns 14,447 shares of the company’s stock valued at $241,000 after purchasing an additional 2,600 shares during the period. HighTower Advisors LLC lifted its stake in shares of Virnetx by 3.1% during the fourth quarter. HighTower Advisors LLC now owns 20,571 shares of the company’s stock worth $343,000 after purchasing an additional 625 shares in the last quarter. Geode Capital Management LLC lifted its stake in shares of Virnetx by 4.2% during the second quarter. Geode Capital Management LLC now owns 32,357 shares of the company’s stock worth $351,000 after purchasing an additional 1,318 shares in the last quarter. Finally, Csenge Advisory Group boosted its position in shares of Virnetx by 13.8% in the fourth quarter. Csenge Advisory Group now owns 68,243 shares of the company’s stock worth $1,139,000 after buying an additional 8,275 shares during the period. Hedge funds and other institutional investors own 10.37% of the company’s stock.

Virnetx Company Profile

VirnetX Holding Corp. is a U.S.-based technology company focused on secure communications and network security technologies. The company develops, owns and licenses intellectual property covering methods and systems for encrypted communications, virtual private networks and secure domain name resolution. VirnetX’s work centers on technologies designed to protect data in transit and enable private, authenticated connections across public networks.

VirnetX’s offerings are primarily deployed through licensing arrangements and technology integrations rather than through mass-market consumer products.