Trend Micro (OTCMKTS:TMICY) Shares Gap Down – Time to Sell?

Trend Micro Inc. (OTCMKTS:TMICY) shares gapped down before the market opened on Wednesday. The stock had previously closed at $48.7350, but opened at $46.45. Trend Micro shares last traded at $46.2903, with a volume of 940 shares changing hands.

Analysts Set New Price Targets

Separately, Zacks Research lowered shares of Trend Micro from a “hold” rating to a “strong sell” rating in a research report on Wednesday, September 9th. One research analyst has rated the stock with a Strong Buy rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy”.

Trend Micro Stock Down 1.9%

The stock has a market capitalization of $6.03 billion, a price-to-earnings ratio of 26.24 and a beta of 0.80. The business’s 50-day moving average is $40.07 and its two-hundred day moving average is $38.09.

Trend Micro (OTCMKTS:TMICY) last released its quarterly earnings data on Thursday, August 13th. The technology company reported $0.17 EPS for the quarter, missing analysts’ consensus estimates of $0.40 by ($0.23). Trend Micro had a net margin of 12.30% and a return on equity of 28.58%. The business had revenue of $469.40 million during the quarter, compared to analyst estimates of $456.51 million. As a group, analysts forecast that Trend Micro Inc. will post 1.41 EPS for the current fiscal year.

Trend Micro Company Profile

Trend Micro Incorporated is a global cybersecurity company that develops security software and services for businesses, government organizations, small and medium-sized enterprises, and individual consumers. Its offerings are designed to protect endpoints, servers, networks, cloud environments, email systems, and other connected devices from malware, ransomware, phishing, data breaches, and other cyber threats.

The company provides cloud and hybrid-cloud security, endpoint and network defense, email security, identity protection, and extended detection and response (XDR) capabilities.