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

Key Points

• Trend Micro Inc.'s stock has fallen below its 200-day moving average of $68.15, trading at $54.93, indicating potential market concerns.
• The company reported earnings of $0.29 per share, missing expectations and generating revenue of $450.18 million for the quarter, which was also below consensus estimates.
• Trend Micro holds a market capitalization of $7.74 billion and has a P/E ratio of 34.99, suggesting it may be overvalued relative to earnings.

Trend Micro Inc. (OTCMKTS:TMICY - Get Free Report)'s share price crossed below its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of $68.15 and traded as low as $54.93. Trend Micro shares last traded at $54.93, with a volume of 1,540 shares changing hands.

Trend Micro Trading Down 1.2%

The firm has a market capitalization of $7.54 billion, a price-to-earnings ratio of 34.10 and a beta of 0.70. The company has a fifty day moving average price of $64.02 and a 200-day moving average price of $68.01.

Trend Micro (OTCMKTS:TMICY - Get Free Report) last posted its earnings results on Thursday, August 7th. The technology company reported $0.29 earnings per share for the quarter, missing the consensus estimate 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 during the quarter, compared to analyst estimates of $482.56 million. As a group, sell-side analysts predict that Trend Micro Inc. will post 1.94 EPS 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.