Trend Micro (OTCMKTS:TMICY) Shares Gap Down - Should You Sell?

Trend Micro Inc. (OTCMKTS:TMICY - Get Free Report)'s stock price gapped down prior to trading 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 trading hands.

Trend Micro Stock Up 2.3%

The firm has a market cap of $9.23 billion, a price-to-earnings ratio of 40.44 and a beta of 0.71. The stock has a fifty day moving average price of $71.24 and a 200-day moving average price of $67.38.

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