Trend Micro (OTCMKTS:TMICY) Reaches New 1-Year Low – Here’s What Happened

Trend Micro Inc. (OTCMKTS:TMICY) reached a new 52-week low on Tuesday . The stock traded as low as $31.46 and last traded at $31.96, with a volume of 8760 shares trading hands. The stock had previously closed at $37.09.

Trend Micro Price Performance

The company has a market capitalization of $4.76 billion, a PE ratio of 19.29 and a beta of 0.75. The stock has a 50-day simple moving average of $39.82 and a 200 day simple moving average of $47.69.

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