Trend Micro (OTCMKTS:TMICY) Stock Price Down 5.7% – Time to Sell?

Trend Micro Inc. (OTCMKTS:TMICY) shares fell 5.7% on Friday . The company traded as low as $69.77 and last traded at $69.77. 1,607 shares changed hands during trading, a decline of 40% from the average session volume of 2,693 shares. The stock had previously closed at $74.00.

Trend Micro Stock Down 5.8%

The business’s 50-day moving average is $72.22 and its two-hundred day moving average is $65.77. The company has a market capitalization of $9.82 billion, a P/E ratio of 43.04 and a beta of 0.75.

Trend Micro (OTCMKTS:TMICY) last posted its earnings results on Thursday, May 8th. The technology company reported $0.44 EPS for the quarter, missing the consensus estimate of $0.52 by ($0.08). Trend Micro had a return on equity of 29.92% and a net margin of 11.85%. The firm had revenue of $465.43 million for the quarter, compared to the consensus estimate of $483.12 million. Analysts predict that Trend Micro Inc. will post 1.94 EPS for the current year.

About Trend Micro

Trend Micro Incorporated develops and sells security-related software for computers and related services in Japan and internationally. The company offers platforms, such as vision one platform, attack surface management, extended detection and response (XDR), cloud security, endpoint security, network security, email security, OT/ICS security, and threat intelligence.