Trend Micro (OTCMKTS:TMICY) Stock Price Crosses Below 200 Day Moving Average – Time to Sell?

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 $43.24 and traded as low as $34.53. Trend Micro shares last traded at $34.60, with a volume of 28,113 shares.

Trend Micro Price Performance

The firm’s 50 day moving average price is $34.97 and its 200-day moving average price is $43.24. The stock has a market cap of $4.52 billion, a P/E ratio of 19.77 and a beta of 0.77.

Trend Micro (OTCMKTS:TMICY) last released its quarterly earnings data 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. Trend Micro had a net margin of 12.51% and a return on equity of 28.76%. The firm had revenue of $476.13 million during the quarter, compared to analysts’ expectations of $456.96 million. On average, analysts expect that Trend Micro Inc. will post 1.94 earnings per share for the current year.

About Trend Micro

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.