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.
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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