Trend Micro (OTCMKTS:TMICY) Shares Gap Down – Should You Sell?

Shares of Trend Micro Inc. (OTCMKTS:TMICY) gapped down prior to trading on Tuesday . The stock had previously closed at $35.45, but opened at $34.36. Trend Micro shares last traded at $35.03, with a volume of 30,791 shares traded.

Trend Micro Stock Down 0.9%

The business has a 50 day moving average of $38.31 and a 200 day moving average of $46.43. The company has a market capitalization of $4.95 billion, a P/E ratio of 20.07 and a beta of 0.79.

Trend Micro (OTCMKTS:TMICY) last released its quarterly earnings results on Wednesday, February 18th. The technology company reported $0.37 earnings per share 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. On average, research analysts anticipate that Trend Micro Inc. will post 1.94 EPS 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.