Trend Micro (OTCMKTS:TMICY) Shares Gap Down - Time to Sell?

Shares of Trend Micro Inc. (OTCMKTS:TMICY - Get Free Report) gapped down before the market opened on Wednesday . The stock had previously closed at $64.78, but opened at $62.00. Trend Micro shares last traded at $62.00, with a volume of 194 shares changing hands.

Trend Micro Stock Performance

The stock has a market capitalization of $8.92 billion, a P/E ratio of 39.09 and a beta of 0.71. The stock has a 50 day moving average of $71.25 and a 200 day moving average of $67.21.

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