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

Shares of Trend Micro Inc. (OTCMKTS:TMICY) 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 traded.

Trend Micro Trading Up 3.7%

The company has a market cap of $5.09 billion, a P/E ratio of 20.73 and a beta of 0.77. The stock’s 50-day moving average price is $35.25 and its 200-day moving average price is $39.29.

Trend Micro (OTCMKTS:TMICY) last released its quarterly earnings data on Thursday, May 14th. The technology company reported $0.57 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.54 by $0.03. The company had revenue of $467.01 million for the quarter, compared to analysts’ expectations 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.