Trend Micro (OTCMKTS:TMICY) Trading Down 6.8% – Should You Sell?

Trend Micro Inc. (OTCMKTS:TMICY)’s stock price was down 6.8% during trading on Friday . The stock traded as low as $32.23 and last traded at $32.24. Approximately 1,470 shares were traded during mid-day trading, a decline of 97% from the average daily volume of 57,384 shares. The stock had previously closed at $34.60.

Trend Micro Stock Down 2.2%

The stock has a market capitalization of $4.19 billion, a price-to-earnings ratio of 18.33 and a beta of 0.77. The company’s fifty day simple moving average is $34.69 and its 200 day simple moving average is $42.89.

Trend Micro (OTCMKTS:TMICY) last released its quarterly earnings data on Wednesday, February 18th. The technology company reported $0.37 EPS 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 for the quarter, compared to the consensus estimate of $456.96 million. As a group, analysts anticipate 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.