Trend Micro (OTCMKTS:TMICY) Shares Down 5.7% - What's Next?

Trend Micro Inc. (OTCMKTS:TMICY - Get Free Report) fell 5.7% during mid-day trading on Friday . The stock traded as low as $69.77 and last traded at $69.77. 1,607 shares were traded during mid-day trading, a decline of 40% from the average session volume of 2,693 shares. The stock had previously closed at $74.00.

Trend Micro Stock Performance

The firm has a fifty day moving average of $72.22 and a 200-day moving average of $65.83. The stock has a market capitalization of $9.62 billion, a price-to-earnings ratio of 42.15 and a beta of 0.75.

Trend Micro (OTCMKTS:TMICY - Get Free Report) last posted its earnings results on Thursday, May 8th. The technology company reported $0.44 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.52 by ($0.08). The company had revenue of $465.43 million during the quarter, compared to analyst estimates of $483.12 million. Trend Micro had a net margin of 11.85% and a return on equity of 29.92%. On average, analysts predict that Trend Micro Inc. will post 1.94 EPS for the current year.

Trend Micro Company Profile

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.