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

Shares of Trend Micro Inc. (OTCMKTS:TMICY) gapped down before the market opened on Tuesday . The stock had previously closed at $35.45, but opened at $34.36. Trend Micro shares last traded at $35.03, with a volume of 30,791 shares trading hands.

Trend Micro Stock Performance

The company has a market cap of $4.95 billion, a P/E ratio of 20.07 and a beta of 0.79. The firm’s fifty day moving average is $38.31 and its two-hundred day moving average is $46.43.

Trend Micro (OTCMKTS:TMICY) last issued its earnings results 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. Trend Micro had a return on equity of 29.70% and a net margin of 12.51%.The company had revenue of $476.13 million for the quarter, compared to the consensus estimate of $456.96 million. On average, equities research analysts expect that Trend Micro Inc. will post 1.94 EPS for the current 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.