Trend Micro (OTCMKTS:TMICY) Share Price Crosses Below Two Hundred Day Moving Average of $50.77

Trend Micro Incorporated (OTCMKTS:TMICYGet Rating)’s stock price passed below its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of $50.77 and traded as low as $47.32. Trend Micro shares last traded at $47.32, with a volume of 5,993 shares trading hands.

Wall Street Analysts Forecast Growth

Separately, Daiwa Capital Markets downgraded Trend Micro from an “outperform” rating to a “neutral” rating in a research note on Wednesday, March 1st.

Trend Micro Trading Up 0.3 %

The firm has a market capitalization of $6.66 billion, a P/E ratio of 28.68, a price-to-earnings-growth ratio of 2.23 and a beta of 0.51. The business has a 50-day moving average of $47.31 and a 200 day moving average of $50.77.

Trend Micro (OTCMKTS:TMICYGet Rating) last issued its earnings results on Thursday, February 16th. The technology company reported $0.05 EPS for the quarter. Trend Micro had a return on equity of 10.15% and a net margin of 13.52%. The business had revenue of $437.42 million during the quarter, compared to analyst estimates of $452.79 million. As a group, research analysts forecast that Trend Micro Incorporated will post 1.48 EPS for the current year.

Trend Micro Company Profile

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Trend Micro, Inc is engaged in the development and sale of security-related products and services for computers and the Internet. It operates through the following geographical segments: Japan, North America, Europe, Asia Pacific, and Central and Latin America. The company enterprises the data security and cyber security solutions for businesses, data centers, cloud environments, networks and others.

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