Trend Micro (OTCMKTS:TMICY) Share Price Crosses Below 200-Day Moving Average of $56.63

Trend Micro Incorporated (OTCMKTS:TMICYGet Rating) shares crossed below its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $56.63 and traded as low as $55.40. Trend Micro shares last traded at $55.44, with a volume of 3,776 shares traded.

Wall Street Analyst Weigh In

Separately, The Goldman Sachs Group cut shares of Trend Micro from a “neutral” rating to a “sell” rating in a research note on Friday, August 26th.

Trend Micro Price Performance

The company has a market cap of $7.81 billion, a P/E ratio of 24.32, a P/E/G ratio of 2.42 and a beta of 0.45. The company’s 50-day moving average is $59.07 and its two-hundred day moving average is $56.63.

Trend Micro (OTCMKTS:TMICYGet Rating) last posted its earnings results on Tuesday, August 9th. The technology company reported $0.35 EPS for the quarter, missing analysts’ consensus estimates of $0.41 by ($0.06). The business had revenue of $423.58 million during the quarter, compared to the consensus estimate of $465.05 million. Trend Micro had a return on equity of 17.34% and a net margin of 18.25%. Equities research analysts anticipate that Trend Micro Incorporated will post 1.61 EPS for the current year.

About Trend Micro

(Get Rating)

Trend Micro Incorporated develops and sells security-related software for computers and the Internet primarily in Japan. The company offers hybrid cloud security solutions, such conformity, workload, container, file storage, application, network, and open-source security products. It also provides intrusion prevention, threat protection, industrial and mobile network security products, as well as offers email, mobile, web, and industrial endpoint security products.

Further Reading

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