Trend Micro (OTCMKTS:TMICY) Shares Gap Down – Should You Sell?

Trend Micro Inc. (OTCMKTS:TMICY)’s share price gapped down prior to trading on Thursday . The stock had previously closed at $34.60, but opened at $32.7950. Trend Micro shares last traded at $33.34, with a volume of 850 shares traded.

Trend Micro Stock Performance

The business has a fifty day moving average price of $34.97 and a 200 day moving average price of $43.24. The company has a market capitalization of $4.41 billion, a PE ratio of 19.27 and a beta of 0.77.

Trend Micro (OTCMKTS:TMICY) last released its quarterly earnings data on Wednesday, February 18th. The technology company reported $0.37 EPS for the quarter, topping analysts’ consensus estimates of $0.32 by $0.05. The company had revenue of $476.13 million for the quarter, compared to the consensus estimate of $456.96 million. Trend Micro had a return on equity of 28.76% and a net margin of 12.51%. Research analysts forecast that Trend Micro Inc. will post 1.94 earnings per share for the current fiscal 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.