Trend Micro (OTCMKTS:TMICY) Shares Gap Down – Time to Sell?

Trend Micro Inc. (OTCMKTS:TMICY)’s stock price gapped down before the market opened on Wednesday . The stock had previously closed at $35.54, but opened at $32.9595. Trend Micro shares last traded at $32.30, with a volume of 11,131 shares.

Trend Micro Stock Up 1.5%

The company has a 50 day moving average price of $40.04 and a 200-day moving average price of $47.80. The company has a market cap of $4.61 billion, a price-to-earnings ratio of 18.70 and a beta of 0.75.

Trend Micro (OTCMKTS:TMICY) last posted its earnings results on Wednesday, February 18th. The technology company reported $0.37 earnings per share for the quarter, topping analysts’ consensus estimates of $0.32 by $0.05. Trend Micro had a net margin of 12.51% and a return on equity of 29.70%. The firm had revenue of $476.13 million for the quarter, compared to analyst estimates of $456.96 million. On average, analysts forecast that Trend Micro Inc. will post 1.94 EPS for the current fiscal year.

Trend Micro Company Profile

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.