Trend Micro (OTCMKTS:TMICY) Stock Price Up 5.6% – Here’s What Happened

Trend Micro Inc. (OTCMKTS:TMICY)’s share price traded up 5.6% during trading on Tuesday. The company traded as high as $43.10 and last traded at $43.10. Approximately 481 shares changed hands during trading, a decline of 98% from the average daily volume of 27,505 shares. The stock had previously closed at $40.82.

Wall Street Analyst Weigh In

TMICY has been the subject of a number of recent analyst reports. Jefferies Financial Group raised Trend Micro from a “hold” rating to a “strong-buy” rating in a research report on Thursday, June 4th. Zacks Research lowered shares of Trend Micro from a “hold” rating to a “strong sell” rating in a research note on Wednesday, September 9th. One investment analyst has rated the stock with a Strong Buy rating and one has given a Sell rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy”.

Trend Micro Trading Up 5.6%

The company has a market capitalization of $5.63 billion, a PE ratio of 24.49 and a beta of 0.79. The stock has a fifty day simple moving average of $39.03 and a 200-day simple moving average of $37.24.

Trend Micro (OTCMKTS:TMICY) last posted its earnings results on Thursday, August 13th. The technology company reported $0.17 earnings per share for the quarter, missing the consensus estimate of $0.40 by ($0.23). Trend Micro had a net margin of 12.30% and a return on equity of 28.58%. The firm had revenue of $469.40 million during the quarter, compared to analysts’ expectations of $456.51 million. As a group, equities research analysts predict that Trend Micro Inc. will post 1.41 EPS for the current year.

About Trend Micro

Trend Micro Incorporated is a global cybersecurity company headquartered in Tokyo, Japan. Founded in 1988, the company develops security solutions designed to protect organizations, businesses and consumers from malware, ransomware, phishing, data breaches and other cyber threats.

Its product portfolio includes endpoint and server security, cloud and data-center protection, network defense, email security, identity and zero-trust solutions, and extended detection and response (XDR) capabilities.