Trend Micro (OTCMKTS:TMICY) Share Price Passes Below Two Hundred Day Moving Average Following Weak Earnings

Key Points

• Trend Micro Inc. shares dropped below their 200-day moving average of $68.18, trading as low as $57.24, which represents a 6.4% decline.
• The company's market capitalization stands at $8.07 billion, with a P/E ratio of 35.33 and a return on equity of 29.92%.
• Expectations for the current fiscal year project Trend Micro will achieve 1.94 earnings per share, following the reported earnings of $0.29 EPS last quarter.

Shares of Trend Micro Inc. (OTCMKTS:TMICY - Get Free Report) passed below its 200-day moving average during trading on Thursday following a dissappointing earnings announcement. The stock has a 200-day moving average of $68.18 and traded as low as $57.24. Trend Micro shares last traded at $57.24, with a volume of 3,038 shares changing hands.

The technology company reported $0.29 earnings per share for the quarter, missing analysts' consensus estimates of $0.52 by ($0.23). Trend Micro had a return on equity of 28.20% and a net margin of 11.29%. The company had revenue of $450.18 million for the quarter, compared to analysts' expectations of $482.56 million.

Trend Micro Price Performance

The company has a market capitalization of $8.02 billion, a price-to-earnings ratio of 36.24 and a beta of 0.70. The business's 50 day simple moving average is $67.34 and its 200 day simple moving average is $68.35.

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.