Trend Micro (OTCMKTS:TMICY) Stock Price Up 7.7% – Time to Buy?

Trend Micro Inc. (OTCMKTS:TMICY) shot up 7.7% during trading on Thursday . The stock traded as high as $40.35 and last traded at $40.35. 2,150 shares were traded during trading, a decline of 94% from the average daily volume of 36,409 shares. The stock had previously closed at $37.46.

Analyst Ratings Changes

Several research analysts have weighed in on TMICY shares. Jefferies Financial Group raised Trend Micro from a “hold” rating to a “strong-buy” rating in a research report on Thursday, June 4th. Zacks Research raised Trend Micro to a “strong sell” rating in a report on Thursday, June 4th. One investment analyst has rated the stock with a Strong Buy rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy”.

Trend Micro Stock Up 6.6%

The firm has a 50 day simple moving average of $36.97 and a 200-day simple moving average of $37.33. The stock has a market cap of $5.20 billion, a P/E ratio of 21.15 and a beta of 0.81.

Trend Micro (OTCMKTS:TMICY) last issued its earnings results on Thursday, May 14th. The technology company reported $0.57 EPS for the quarter, topping the consensus estimate of $0.54 by $0.03. The company had revenue of $467.01 million during the quarter, compared to the consensus estimate of $455.87 million. Trend Micro had a return on equity of 30.36% and a net margin of 13.23%. On average, equities analysts anticipate that Trend Micro Inc. will post 1.81 earnings per share 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.