Trend Micro (OTCMKTS:TMICY) Stock Price Passes Below Two Hundred Day Moving Average - Should You Sell?

Key Points

• Trend Micro's stock has fallen below its 200-day moving average, trading as low as $54.96 against an average of $66.64.
• The company reported an EPS of $0.29 for the last quarter, missing analysts' expectations of $0.52, with revenues also falling short at $450.18 million.
• Trend Micro has a market cap of $7.75 billion and a beta of 0.69, indicating relatively low volatility compared to the broader market.

Trend Micro Inc. (OTCMKTS:TMICY - Get Free Report)'s share price crossed below its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $66.64 and traded as low as $54.96. Trend Micro shares last traded at $55.02, with a volume of 3,255 shares.

Trend Micro Trading Down 0.9%

The stock has a 50-day simple moving average of $58.76 and a 200 day simple moving average of $66.32. The stock has a market capitalization of $7.78 billion, a price-to-earnings ratio of 35.16 and a beta of 0.69.

Trend Micro (OTCMKTS:TMICY - Get Free Report) last issued its earnings results on Thursday, August 7th. The technology company reported $0.29 earnings per share for the quarter, missing analysts' consensus estimates of $0.52 by ($0.23). The business had revenue of $450.18 million during the quarter, compared to analyst estimates of $482.56 million. Trend Micro had a net margin of 11.29% and a return on equity of 27.73%. Sell-side analysts expect 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.