VirnetX Holding Co. (NYSE:VHC) shares shot up 3.4% during mid-day trading on Tuesday . The company traded as high as $2.73 and last traded at $2.70, with a volume of 149,247 shares. The stock had previously closed at $2.61.

The company’s market cap is $155.82 million. The company has a 50 day moving average price of $3.33 and a 200-day moving average price of $4.43.

VirnetX Holding Corporation is an Internet security software and technology Company with a technology for secure communications, including fourth-generation (4G) long term evolution (LTE) security. The Company’s software and technology solutions, including its secure domain name registry and GABRIEL Connection Technology, facilitate secure communications and provide the security platform required by Internet-based applications, such as instant messaging, voice over Internet protocol, mobile services, streaming video, file transfer, remote desktop and machine-to-machine (M2M) communications.