Trend Micro (OTCMKTS:TMICY) Shares Down 5.7% - Here's Why

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

Trend Micro Stock Performance

The stock has a market capitalization of $9.66 billion, a P/E ratio of 42.31 and a beta of 0.75. The company's fifty day simple moving average is $72.18 and its two-hundred day simple moving average is $65.60.

Trend Micro (OTCMKTS:TMICY - Get Free Report) last issued its quarterly earnings data on Thursday, May 8th. The technology company reported $0.44 earnings per share for the quarter, missing the consensus estimate of $0.52 by ($0.08). The business had revenue of $465.43 million during the quarter, compared to analyst estimates of $483.12 million. Trend Micro had a return on equity of 29.92% and a net margin of 11.85%. On average, research analysts predict 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.

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