Trend Micro (OTCMKTS:TMICY) Share Price Passes Above 200-Day Moving Average – Here’s Why

Shares of Trend Micro Incorporated (OTCMKTS:TMICY) passed above its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of $61.92 and traded as high as $72.92. Trend Micro shares last traded at $72.91, with a volume of 1,140 shares trading hands.

Trend Micro Trading Up 3.9%

The business has a 50 day moving average of $68.21 and a 200-day moving average of $61.98. The stock has a market cap of $10.27 billion, a PE ratio of 42.64 and a beta of 0.74.

Trend Micro (OTCMKTS:TMICY) last posted its earnings results on Thursday, May 8th. The technology company reported $0.44 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.52 by ($0.08). Trend Micro had a net margin of 12.64% and a return on equity of 31.66%. The company had revenue of $465.43 million during the quarter, compared to analysts’ expectations of $483.12 million. On average, equities research analysts anticipate that Trend Micro Incorporated will post 1.94 EPS for the current fiscal year.

Trend Micro Company Profile

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.