Gen Digital (NASDAQ:GEN) Trading 0.7% Higher – Time to Buy?

Gen Digital Inc. (NASDAQ:GEN)’s share price shot up 0.7% on Monday . The stock traded as high as $27.71 and last traded at $27.52. 3,125,128 shares traded hands during mid-day trading, an increase of 5% from the average session volume of 2,982,808 shares. The stock had previously closed at $27.32.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently weighed in on the stock. Wells Fargo & Company raised shares of Gen Digital to a “strong-buy” rating in a research report on Thursday, October 24th. UBS Group upgraded Gen Digital to a “strong-buy” rating in a research report on Wednesday, December 4th.

Gen Digital Stock Down 0.7 %

The firm has a 50-day moving average of $28.86 and a two-hundred day moving average of $27.31. The stock has a market capitalization of $16.83 billion, a price-to-earnings ratio of 27.88, a price-to-earnings-growth ratio of 1.29 and a beta of 0.82. The company has a quick ratio of 0.32, a current ratio of 0.32 and a debt-to-equity ratio of 3.40.

Gen Digital Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Wednesday, December 11th. Stockholders of record on Monday, November 18th were issued a dividend of $0.125 per share. This represents a $0.50 annualized dividend and a dividend yield of 1.83%. The ex-dividend date of this dividend was Monday, November 18th. Gen Digital’s dividend payout ratio is currently 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.