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Trend Micro (OTCMKTS:TMICY) Stock Passes Below 200-Day Moving Average - Should You Sell?

Trend Micro logo with Computer and Technology background

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.
  • Five stocks to consider instead of Trend Micro.

Trend Micro Inc. (OTCMKTS:TMICY - Get Free Report) shares 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 Stock Performance

The firm has a fifty day moving average price of $57.94 and a 200 day moving average price of $65.75. The stock has a market cap of $8.21 billion, a PE ratio of 37.13 and a beta of 0.69.

Trend Micro (OTCMKTS:TMICY - Get Free Report) last issued its 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 firm had revenue of $450.18 million during the quarter, compared to analysts' expectations of $482.56 million. Trend Micro had a return on equity of 27.73% and a net margin of 11.29%. On average, equities research analysts forecast that Trend Micro Inc. will post 1.94 earnings per share for the current year.

Trend Micro Company Profile

(Get Free Report)

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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