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

Trend Micro Inc. (OTCMKTS:TMICY)’s stock price gapped down before the market opened on Wednesday. The stock had previously closed at $48.7350, but opened at $46.45. Trend Micro shares last traded at $46.2903, with a volume of 940 shares.

Analyst Ratings Changes

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

Trend Micro Price Performance

The business has a fifty day moving average of $40.24 and a 200-day moving average of $38.28. The stock has a market capitalization of $5.94 billion, a price-to-earnings ratio of 25.82 and a beta of 0.80.

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

About Trend Micro

Trend Micro Incorporated is a global cybersecurity company that develops security software and services for businesses, government organizations, small and medium-sized enterprises, and individual consumers. Its offerings are designed to protect endpoints, servers, networks, cloud environments, email systems, and other connected devices from malware, ransomware, phishing, data breaches, and other cyber threats.

The company provides cloud and hybrid-cloud security, endpoint and network defense, email security, identity protection, and extended detection and response (XDR) capabilities.