Trend Micro (OTCMKTS:TMICY) Stock Falls 4.8% – Should You Sell?

Trend Micro Inc. (OTCMKTS:TMICY) shares were down 4.8% on Tuesday. The stock traded as low as $42.37 and last traded at $42.37. Approximately 1,665 shares changed hands during mid-day trading, a decline of 94% from the average daily volume of 25,983 shares. The stock had previously closed at $44.51.

Analyst Upgrades and Downgrades

Separately, Zacks Research downgraded shares of Trend Micro from a “hold” rating to a “strong sell” rating in a research note on Wednesday, September 9th. One analyst has rated the stock with a Strong Buy rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy”.

Trend Micro Stock Performance

The stock has a fifty day moving average price of $40.25 and a 200-day moving average price of $38.58. The firm has a market capitalization of $5.60 billion, a PE ratio of 24.33 and a beta of 0.80.

Trend Micro (OTCMKTS:TMICY) last released its quarterly earnings results on Thursday, August 13th. The technology company reported $0.17 EPS for the quarter, missing the consensus estimate of $0.40 by ($0.23). The company had revenue of $469.40 million during the quarter, compared to the consensus estimate of $456.51 million. Trend Micro had a return on equity of 28.58% and a net margin of 12.30%. Research analysts expect that Trend Micro Inc. will post 1.41 earnings per share for the current fiscal year.

About Trend Micro

Trend Micro Incorporated is a global cybersecurity company that develops security solutions for businesses, governments and individual consumers. Its products and services are designed to protect endpoints, servers, networks, email systems, cloud environments and connected devices from malware, ransomware, phishing and other cyber threats.

The company offers cloud and network security, endpoint protection, email security, data center security and extended detection and response (XDR) solutions.