Trend Micro (OTCMKTS:TMICY) Shares Down 7.8% – Here’s Why

Trend Micro Inc. (OTCMKTS:TMICY)’s share price was down 7.8% on Thursday. The company traded as low as $39.12 and last traded at $39.12. 950 shares were traded during mid-day trading, a decline of 96% from the average session volume of 24,610 shares. The stock had previously closed at $42.42.

Analyst Upgrades and Downgrades

Separately, Zacks Research raised shares of Trend Micro from a “strong sell” rating to a “hold” rating in a research note on Monday, November 2nd. One equities research analyst has rated the stock with a Strong Buy rating and one has assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Buy”.

Trend Micro Trading Down 4.2%

The stock has a market cap of $5.31 billion, a PE ratio of 23.08 and a beta of 0.80. The business has a 50-day moving average price of $42.98 and a 200-day moving average price of $38.33.

Trend Micro (OTCMKTS:TMICY) last released its earnings results on Thursday, November 12th. The technology company reported $0.42 EPS for the quarter, topping analysts’ consensus estimates of $0.40 by $0.02. Trend Micro had a net margin of 12.30% and a return on equity of 28.58%. Equities analysts expect that Trend Micro Inc. will post 1.41 earnings per share for the current year.

Trend Micro Company Profile

Trend Micro is a global cybersecurity company that develops software and services to help organizations and individuals protect against digital threats. Its offerings cover endpoint, network, cloud and email security, as well as threat detection and response. The company’s portfolio includes Trend Vision One, a cybersecurity platform that brings together threat detection, investigation and response capabilities, and products for protecting cloud environments and devices. Trend Micro also provides threat intelligence and security services to businesses, governments and consumers.