Trend Micro (OTCMKTS:TMICY) Shares Down 8.1% – Time to Sell?

Shares of Trend Micro Inc. (OTCMKTS:TMICY) dropped 8.1% on Wednesday . The stock traded as low as $32.59 and last traded at $32.59. 27,329 shares traded hands during mid-day trading, a decline of 55% from the average daily volume of 61,093 shares. The stock had previously closed at $35.45.

Trend Micro Price Performance

The company has a 50 day moving average price of $38.16 and a 200 day moving average price of $46.30. The firm has a market cap of $4.82 billion, a PE ratio of 19.56 and a beta of 0.79.

Trend Micro (OTCMKTS:TMICY) last announced its quarterly earnings data on Wednesday, February 18th. The technology company reported $0.37 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.32 by $0.05. The company had revenue of $476.13 million for the quarter, compared to analysts’ expectations of $456.96 million. Trend Micro had a net margin of 12.51% and a return on equity of 29.70%. On average, equities analysts anticipate that Trend Micro Inc. will post 1.94 earnings per share 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.