Trend Micro (OTCMKTS:TMICY) Trading Up 6.5% – Still a Buy?

Trend Micro Inc. (OTCMKTS:TMICY)’s stock price shot up 6.5% on Friday . The company traded as high as $41.48 and last traded at $41.48. 550 shares changed hands during trading, a decline of 99% from the average session volume of 41,191 shares. The stock had previously closed at $38.95.

Trend Micro Stock Performance

The business has a 50-day simple moving average of $35.79 and a two-hundred day simple moving average of $38.90. The stock has a market cap of $5.42 billion, a price-to-earnings ratio of 22.04 and a beta of 0.80.

Trend Micro (OTCMKTS:TMICY) last released its quarterly earnings results on Thursday, May 14th. The technology company reported $0.57 earnings per share for the quarter, topping 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 firm had revenue of $467.01 million during the quarter, compared to the consensus estimate of $455.87 million.

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.