Trend Micro (OTCMKTS:TMICY) Shares Down 8.1% – What’s Next?

Trend Micro Inc. (OTCMKTS:TMICY) shares were down 8.1% on Wednesday . The company traded as low as $32.59 and last traded at $32.59. Approximately 27,329 shares changed hands during mid-day trading, a decline of 55% from the average daily volume of 61,093 shares. The stock had previously closed at $35.45.

Trend Micro Stock Performance

The company has a market cap of $4.82 billion, a price-to-earnings ratio of 19.56 and a beta of 0.79. The company has a 50-day simple moving average of $38.16 and a 200-day simple moving average of $46.30.

Trend Micro (OTCMKTS:TMICY) last posted its quarterly earnings results on Wednesday, February 18th. The technology company reported $0.37 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 business had revenue of $476.13 million during the quarter, compared to analysts’ expectations of $456.96 million. As a group, equities research analysts forecast that Trend Micro Inc. will post 1.94 EPS for the current 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.