Trend Micro (OTCMKTS:TMICY) Share Price Passes Above Fifty Day Moving Average – Here’s What Happened

Trend Micro Inc. (OTCMKTS:TMICY) shares passed above its 50 day moving average during trading on Tuesday . The stock has a 50 day moving average of $34.95 and traded as high as $39.04. Trend Micro shares last traded at $39.04, with a volume of 4,911 shares changing hands.

Trend Micro Trading Up 0.4%

The business has a 50 day moving average of $34.95 and a two-hundred day moving average of $39.47. The firm has a market cap of $5.10 billion, a P/E ratio of 20.77 and a beta of 0.77.

Trend Micro (OTCMKTS:TMICY) last posted its quarterly earnings results on Thursday, May 14th. The technology company reported $0.57 earnings per share for the quarter, beating analysts’ consensus estimates of $0.54 by $0.03. Trend Micro had a return on equity of 29.39% and a net margin of 13.23%.The business had revenue of $467.01 million for the quarter, compared to analysts’ expectations of $455.87 million.

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.