Trend Micro (OTCMKTS:TMICY) Sees Strong Trading Volume – Still a Buy?

Shares of Trend Micro Inc. (OTCMKTS:TMICY) saw unusually-strong trading volume on Monday . Approximately 48,752 shares changed hands during trading, an increase of 8% from the previous session’s volume of 45,209 shares.The stock last traded at $36.37 and had previously closed at $37.09.

Trend Micro Stock Down 4.6%

The stock has a market capitalization of $4.99 billion, a P/E ratio of 20.22 and a beta of 0.75. The firm’s 50-day simple moving average is $40.45 and its 200 day simple moving average is $48.12.

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, topping 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%. As a group, equities analysts anticipate 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.