Trend Micro (OTCMKTS:TMICY) Stock Crosses Below Two Hundred Day Moving Average of $55.08

Trend Micro Incorporated (OTCMKTS:TMICYGet Rating) passed below its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of $55.08 and traded as low as $48.55. Trend Micro shares last traded at $48.67, with a volume of 11,719 shares trading hands.

Analysts Set New Price Targets

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

Trend Micro Stock Down 3.2 %

The firm has a 50 day moving average of $53.52 and a two-hundred day moving average of $55.08. The firm has a market capitalization of $6.85 billion, a price-to-earnings ratio of 21.35, a price-to-earnings-growth ratio of 2.12 and a beta of 0.45.

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

Trend Micro Company Profile

(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.

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