Trend Micro (OTCMKTS:TMICY) Hits New 52-Week Low – Here’s What Happened

Trend Micro Inc. (OTCMKTS:TMICY)’s share price hit a new 52-week low during trading on Monday . The company traded as low as $31.0856 and last traded at $32.57, with a volume of 12067 shares. The stock had previously closed at $32.08.

Trend Micro Price Performance

The business has a 50 day moving average of $34.69 and a 200 day moving average of $42.80. The firm has a market capitalization of $4.27 billion, a price-to-earnings ratio of 18.68 and a beta of 0.77.

Trend Micro (OTCMKTS:TMICY) last announced its quarterly earnings data on Wednesday, February 18th. The technology company reported $0.37 EPS for the quarter, topping analysts’ consensus estimates of $0.32 by $0.05. Trend Micro had a return on equity of 28.76% and a net margin of 12.51%.The business had revenue of $476.13 million during the quarter, compared to analysts’ expectations of $456.96 million. As a group, equities analysts predict that Trend Micro Inc. will post 1.94 EPS for the current year.

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.