Trend Micro (OTCMKTS:TMICY) Hits New 52-Week High - Here's Why

Shares of Trend Micro Incorporated (OTCMKTS:TMICY - Get Free Report) hit a new 52-week high during trading on Wednesday . The company traded as high as $77.34 and last traded at $77.34, with a volume of 4588 shares traded. The stock had previously closed at $72.97.

Trend Micro Trading Down 3.0 %

The firm's fifty day simple moving average is $58.52 and its two-hundred day simple moving average is $57.13. The company has a market capitalization of $10.49 billion, a price-to-earnings ratio of 43.55 and a beta of 0.65.

Trend Micro (OTCMKTS:TMICY - Get Free Report) last posted its earnings results on Tuesday, February 18th. The technology company reported $0.40 earnings per share (EPS) for the quarter. Trend Micro had a return on equity of 31.66% and a net margin of 12.64%. The company had revenue of $459.42 million during the quarter, compared to analysts' expectations of $448.97 million. As a group, analysts forecast that Trend Micro Incorporated will post 1.94 EPS for the current fiscal year.

About Trend Micro

Trend Micro Incorporated develops and sells security-related software for computers and related services in Japan and internationally. The company offers platforms, such as vision one platform, attack surface management, extended detection and response (XDR), cloud security, endpoint security, network security, email security, OT/ICS security, and threat intelligence.