Trend Micro (OTCMKTS:TMICY) Share Price Passes Above Fifty Day Moving Average – Here’s What Happened

Trend Micro Inc. (OTCMKTS:TMICY) passed above its fifty day moving average during trading on Tuesday . The stock has a fifty day moving average of $34.95 and traded as high as $39.04. Trend Micro shares last traded at $39.04, with a volume of 4,911 shares changing hands.

Trend Micro Stock Performance

The business has a fifty day simple moving average of $34.95 and a 200 day simple moving average of $39.47. The stock has a market capitalization of $5.10 billion, a price-to-earnings ratio of 20.77 and a beta of 0.77.

Trend Micro (OTCMKTS:TMICY) last issued its quarterly earnings data on Thursday, May 14th. The technology company reported $0.57 EPS for the quarter, beating analysts’ consensus estimates of $0.54 by $0.03. Trend Micro had a return on equity of 29.39% and a net margin of 13.23%.The firm had revenue of $467.01 million for the quarter, compared to analyst estimates of $455.87 million.

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.