Trend Micro (OTCMKTS:TMICY) Stock Falls 4.8% – Should You Sell?

Trend Micro Inc. (OTCMKTS:TMICY)’s stock price traded down 4.8% during mid-day trading on Tuesday. The stock traded as low as $42.37 and last traded at $42.37. 1,665 shares traded hands during trading, a decline of 94% from the average daily volume of 25,983 shares. The stock had previously closed at $44.51.

Wall Street Analysts Forecast Growth

Separately, Zacks Research cut Trend Micro from a “hold” rating to a “strong sell” rating in a research report on Wednesday, September 9th. One analyst has rated the stock with a Strong Buy rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat.com, Trend Micro currently has a consensus rating of “Moderate Buy”.

Trend Micro Stock Down 4.4%

The stock has a market cap of $5.56 billion, a P/E ratio of 24.18 and a beta of 0.80. The firm’s 50-day moving average is $40.29 and its two-hundred day moving average is $38.45.

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

About Trend Micro

Trend Micro Incorporated is a global cybersecurity company that develops security solutions for businesses, governments and individual consumers. Its products and services are designed to protect endpoints, servers, networks, email systems, cloud environments and connected devices from malware, ransomware, phishing and other cyber threats.

The company offers cloud and network security, endpoint protection, email security, data center security and extended detection and response (XDR) solutions.