Trend Micro (OTCMKTS:TMICY) Stock Price Passes Below 200-Day Moving Average – What’s Next?

Shares of Trend Micro Inc. (OTCMKTS:TMICY) crossed below its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $41.43 and traded as low as $34.27. Trend Micro shares last traded at $34.31, with a volume of 12,146 shares.

Trend Micro Stock Down 2.7%

The firm has a fifty day moving average of $34.36 and a 200-day moving average of $41.43. The stock has a market capitalization of $4.48 billion, a price-to-earnings ratio of 19.61 and a beta of 0.77.

Trend Micro (OTCMKTS:TMICY) last issued its quarterly earnings data on Wednesday, February 18th. The technology company reported $0.37 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.32 by $0.05. The firm 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%.

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.