Trend Micro (OTCMKTS:TMICY) Shares Cross Below Two Hundred Day Moving Average - Should You Sell?

Key Points

• Trend Micro shares crossed below its 200-day moving average, trading as low as $33.80 versus a 200-day MA of $40.98 (50-day MA $34.10), a sign of technical weakness.
• Recent quarter showed fundamental strength: Trend Micro beat estimates with $0.37 EPS (vs. $0.32) and $476.13M revenue (vs. $456.96M), and trades at a market cap of ~$4.42B with a P/E of 19.31, 12.51% net margin and 28.76% ROE.

Trend Micro Inc. (OTCMKTS:TMICY - Get Free Report)'s stock price crossed below its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $40.98 and traded as low as $33.80. Trend Micro shares last traded at $33.80, with a volume of 8,771 shares.

Trend Micro Stock Down 0.1%

The stock's 50 day moving average is $34.10 and its two-hundred day moving average is $40.98. The company has a market capitalization of $4.42 billion, a PE ratio of 19.31 and a beta of 0.77.

Trend Micro (OTCMKTS:TMICY - Get Free Report) last released its quarterly earnings data on Wednesday, February 18th. The technology company reported $0.37 earnings per share for the quarter, topping analysts' consensus estimates of $0.32 by $0.05. The company had revenue of $476.13 million during the quarter, compared to analyst estimates of $456.96 million. Trend Micro had a net margin of 12.51% and a return on equity of 28.76%.

About Trend Micro

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.

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