Trend Micro (OTCMKTS:TMICY) Share Price Crosses Below 50-Day Moving Average of $46.56

Trend Micro Incorporated (OTCMKTS:TMICY) shares crossed below its 50 day moving average during trading on Friday . The stock has a 50 day moving average of $46.56 and traded as low as $48.88. Trend Micro shares last traded at $48.88, with a volume of 906 shares trading hands.

TMICY has been the subject of a number of analyst reports. Zacks Investment Research raised Trend Micro from a “hold” rating to a “buy” rating and set a $53.00 price target for the company in a report on Wednesday, August 28th. ValuEngine downgraded Trend Micro from a “buy” rating to a “hold” rating in a report on Wednesday, September 4th.

The company has a 50 day simple moving average of $46.56 and a 200-day simple moving average of $46.79. The stock has a market cap of $6.63 billion, a price-to-earnings ratio of 26.42, a PEG ratio of 1.66 and a beta of 0.62.

Trend Micro (OTCMKTS:TMICY) last announced its quarterly earnings data on Thursday, August 8th. The technology company reported $0.44 earnings per share (EPS) for the quarter. Trend Micro had a return on equity of 15.82% and a net margin of 17.51%. The firm had revenue of $363.85 million for the quarter. As a group, equities research analysts predict that Trend Micro Incorporated will post 1.89 earnings per share for the current fiscal year.

About Trend Micro (OTCMKTS:TMICY)

Trend Micro Incorporated develops and sells security solutions primarily in Japan. The company offers hybrid cloud security solutions, such as data center, cloud, and virtualization security products; network security solutions, including integrated advanced threat prevention and advanced threat detection solutions; user protection solutions comprising endpoint and gateway suites, endpoint security, email security, Web security, SaaS application security, and endpoint detection and response; and support services.

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