Trend Micro (OTCMKTS:TMICY) Share Price Passes Below Two Hundred Day Moving Average – What’s Next?

Shares of Trend Micro Inc. (OTCMKTS:TMICY) passed below its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $45.51 and traded as low as $32.70. Trend Micro shares last traded at $32.70, with a volume of 29,565 shares changing hands.

Trend Micro Stock Performance

The company has a market cap of $4.61 billion, a P/E ratio of 18.69 and a beta of 0.79. The stock has a 50 day moving average price of $37.22 and a 200 day moving average price of $45.51.

Trend Micro (OTCMKTS:TMICY) last announced its earnings results on Wednesday, February 18th. The technology company reported $0.37 earnings per share for the quarter, beating the consensus estimate of $0.32 by $0.05. The business had revenue of $476.13 million during the quarter, compared to analysts’ expectations of $456.96 million. Trend Micro had a return on equity of 28.76% and a net margin of 12.51%. As a group, equities research analysts predict that Trend Micro Inc. will post 1.94 earnings per share for the current year.

Trend Micro Company Profile

Trend Micro Incorporated is a global cybersecurity company that develops software and services to protect data and networks from evolving digital threats. Headquartered in Tokyo, Japan, with additional offices in North America, Europe and Asia-Pacific, the company offers solutions designed to safeguard businesses, governments and individual users. Since its founding in 1988, Trend Micro has focused on leveraging advanced threat intelligence and machine learning to deliver proactive security measures.

The company’s product portfolio spans endpoint security, network defense, cloud security and threat intelligence services.