Trend Micro (OTCMKTS:TMICY) Shares Cross Below 200 Day Moving Average - What's Next?

Key Points

• Trend Micro's share price fell below its 200-day moving average of $65.91, closing at $59.18, which raises concerns among investors about potential selling.
• The company reported earnings per share (EPS) of $0.29, significantly below analysts' expectations of $0.52, with revenue also missing estimates at $450.18 million.
• Trend Micro has a market capitalization of $8.34 billion and a price-to-earnings ratio of 37.69, indicating ongoing investor interest despite recent performance challenges.

Shares of Trend Micro Inc. (OTCMKTS:TMICY - Get Free Report) crossed below its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $65.91 and traded as low as $58.38. Trend Micro shares last traded at $59.18, with a volume of 4,179 shares changing hands.

Trend Micro Trading Down 1.7%

The firm has a 50 day moving average price of $57.81 and a 200-day moving average price of $65.62. The firm has a market cap of $8.07 billion, a price-to-earnings ratio of 36.49 and a beta of 0.69.

Trend Micro (OTCMKTS:TMICY - Get Free Report) last issued its quarterly earnings data on Thursday, August 7th. The technology company reported $0.29 EPS for the quarter, missing analysts' consensus estimates of $0.52 by ($0.23). Trend Micro had a net margin of 11.29% and a return on equity of 27.73%. The business had revenue of $450.18 million during the quarter, compared to analyst estimates of $482.56 million. As a group, equities analysts expect 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.