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

Trend Micro Inc. (OTCMKTS:TMICY) shares gapped down before the market opened on Thursday . The stock had previously closed at $38.14, but opened at $36.38. Trend Micro shares last traded at $37.33, with a volume of 833 shares trading hands.

Trend Micro Stock Down 3.0%

The stock’s 50-day moving average is $35.04 and its 200 day moving average is $39.38. The stock has a market capitalization of $4.84 billion, a PE ratio of 19.69 and a beta of 0.77.

Trend Micro (OTCMKTS:TMICY) last posted its earnings results on Thursday, May 14th. The technology company reported $0.57 EPS for the quarter, topping the consensus estimate of $0.54 by $0.03. The company had revenue of $467.01 million during the quarter, compared to the consensus estimate of $455.87 million. Trend Micro had a net margin of 13.23% and a return on equity of 29.39%.

Trend Micro Company Profile

Trend Micro Incorporated is a global cybersecurity company that develops software and services to protect data and networks from evolving digital threats. Headquartered in Tokyo, Japan, with additional offices in North America, Europe and Asia-Pacific, the company offers solutions designed to safeguard businesses, governments and individual users. Since its founding in 1988, Trend Micro has focused on leveraging advanced threat intelligence and machine learning to deliver proactive security measures.

The company’s product portfolio spans endpoint security, network defense, cloud security and threat intelligence services.