Trend Micro (OTCMKTS:TMICY) Stock Passes Below 50-Day Moving Average of $46.07
Trend Micro Incorporated (OTCMKTS:TMICY) shares passed below its fifty day moving average during trading on Wednesday . The stock has a fifty day moving average of $46.07 and traded as low as $46.83. Trend Micro shares last traded at $46.83, with a volume of 728 shares trading hands.
A number of analysts have recently commented on TMICY shares. ValuEngine cut Trend Micro from a “buy” rating to a “hold” rating in a research report on Wednesday, September 4th. Zacks Investment Research raised Trend Micro from a “hold” rating to a “buy” rating and set a $53.00 target price on the stock in a report on Wednesday, August 28th.
The firm has a market capitalization of $6.78 billion, a PE ratio of 25.45, a PEG ratio of 1.70 and a beta of 0.62. The firm’s fifty day simple moving average is $46.11 and its 200-day simple moving average is $46.85.
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.
Read More: Initial Coin Offering (ICO)
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