Trend Micro (OTCMKTS:TMICY) Share Price Crosses Above 50-Day Moving Average - What's Next?

Trend Micro Inc. (OTCMKTS:TMICY - Get Free Report) passed above its fifty day moving average during trading on Monday . The stock has a fifty day moving average of $71.75 and traded as high as $77.08. Trend Micro shares last traded at $75.98, with a volume of 1,515 shares trading hands.

Trend Micro Stock Performance

The company has a market cap of $9.82 billion, a price-to-earnings ratio of 43.04 and a beta of 0.75. The company's 50 day moving average price is $72.18 and its 200 day moving average price is $65.60.

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). The business had revenue of $465.43 million for 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, equities research analysts forecast 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.