Gen Digital (NASDAQ:GEN) Reaches New 12-Month High – Should You Buy?

Gen Digital Inc. (NASDAQ:GEN) shares reached a new 52-week high during mid-day trading on Tuesday . The company traded as high as $30.94 and last traded at $30.91, with a volume of 1793154 shares trading hands. The stock had previously closed at $30.62.

Wall Street Analysts Forecast Growth

Separately, Wells Fargo & Company upgraded Gen Digital to a “strong-buy” rating in a research note on Thursday, October 24th.

Gen Digital Trading Down 0.2 %

The company has a market cap of $19.00 billion, a price-to-earnings ratio of 31.47, a PEG ratio of 1.43 and a beta of 0.80. The company has a current ratio of 0.32, a quick ratio of 0.32 and a debt-to-equity ratio of 3.40. The business’s 50 day moving average price is $28.23 and its 200-day moving average price is $26.22.

Gen Digital Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 11th. Stockholders of record on Monday, November 18th will be issued a dividend of $0.125 per share. This represents a $0.50 dividend on an annualized basis and a dividend yield of 1.62%. The ex-dividend date of this dividend is Monday, November 18th. Gen Digital’s dividend payout ratio is presently 51.02%.

Gen Digital Company Profile

Gen Digital Inc engages in the provision of cyber safety solutions for consumers in the United States, Canada, Latin America, Europe, the Middle East, Africa, the Asia Pacific, and Japan. The company offers security and performance products under Norton, Avast, Avira, AVG, and CCleaner brands that provide real-time protection and maintenance for PCs, Macs, and mobile devices against malware, viruses, adware, and other online threats.