Trend Micro (OTCMKTS:TMICY) Share Price Passes Below 200-Day Moving Average – Time to Sell?

Trend Micro Inc. (OTCMKTS:TMICY)’s share price passed below its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $65.91 and traded as low as $58.38. Trend Micro shares last traded at $59.18, with a volume of 4,179 shares trading hands.

Trend Micro Trading Up 4.4%

The company has a market capitalization of $8.34 billion, a price-to-earnings ratio of 37.69 and a beta of 0.69. The company has a fifty day moving average of $58.05 and a 200-day moving average of $65.91.

Trend Micro (OTCMKTS:TMICY) last announced its earnings results on Thursday, August 7th. The technology company reported $0.29 EPS for the quarter, missing analysts’ consensus estimates of $0.52 by ($0.23). The firm had revenue of $450.18 million for the quarter, compared to analyst estimates of $482.56 million. Trend Micro had a net margin of 11.29% and a return on equity of 27.73%. As a group, equities research analysts expect 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.