Trend Micro (OTCMKTS:TMICY) Sees Unusually-High Trading Volume - Time to Buy?

Key Points

• Trend Micro Inc. shares experienced a significant increase in trading volume, with 9,136 shares traded, which is a 207% rise compared to the previous session.
• The company's stock is currently down 1.6%, trading at $54.52, down from a previous close of $55.51.
• Trend Micro reported a loss in earnings per share for the last quarter, missing analysts' expectations and generating revenue lower than anticipated.

Trend Micro Inc. (OTCMKTS:TMICY - Get Free Report) shares saw strong trading volume on Friday . 9,136 shares changed hands during mid-day trading, an increase of 207% from the previous session's volume of 2,973 shares.The stock last traded at $54.52 and had previously closed at $55.51.

Trend Micro Stock Down 1.6%

The stock has a market capitalization of $7.70 billion, a price-to-earnings ratio of 34.80 and a beta of 0.69. The company has a 50 day simple moving average of $57.33 and a 200-day simple moving average of $65.41.

Trend Micro (OTCMKTS:TMICY - Get Free Report) last issued its quarterly earnings results on Thursday, August 7th. The technology company reported $0.29 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.52 by ($0.23). The business had revenue of $450.18 million for the quarter, compared to the consensus estimate of $482.56 million. Trend Micro had a return on equity of 27.73% and a net margin of 11.29%. As a group, sell-side analysts anticipate that Trend Micro Inc. will post 1.94 earnings per share for the current fiscal year.

About Trend Micro

Trend Micro Incorporated develops and sells security-related software for computers and related services in Japan and internationally. The company offers platforms, such as vision one platform, attack surface management, extended detection and response (XDR), cloud security, endpoint security, network security, email security, OT/ICS security, and threat intelligence.

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