Trend Micro (OTCMKTS:TMICY) Shares Gap Down – What’s Next?

Trend Micro Inc. (OTCMKTS:TMICY) gapped down prior to trading on Monday . The stock had previously closed at $38.02, but opened at $36.4150. Trend Micro shares last traded at $36.34, with a volume of 2,597 shares changing hands.

Trend Micro Stock Performance

The stock has a market capitalization of $4.83 billion, a price-to-earnings ratio of 21.12 and a beta of 0.77. The company has a fifty day simple moving average of $34.48 and a two-hundred day simple moving average of $41.92.

Trend Micro (OTCMKTS:TMICY) last announced its quarterly earnings data on Wednesday, February 18th. The technology company reported $0.37 earnings per share for the quarter, beating the consensus estimate of $0.32 by $0.05. The firm had revenue of $476.13 million during the quarter, compared to analysts’ expectations of $456.96 million. Trend Micro had a return on equity of 28.76% and a net margin of 12.51%.

About Trend Micro

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.