Gen Digital (NASDAQ:GEN) Hits New 1-Year High – What’s Next?

Gen Digital Inc. (NASDAQ:GEN)’s share price reached a new 52-week high on Tuesday . The stock traded as high as $30.94 and last traded at $30.91, with a volume of 1793154 shares changing hands. The stock had previously closed at $30.62.

Analyst Ratings Changes

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

Gen Digital Stock Down 0.2 %

The firm’s 50 day moving average price is $28.23 and its two-hundred day moving average price is $26.22. 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 company has a market capitalization of $19.00 billion, a P/E ratio of 31.47, a PEG ratio of 1.43 and a beta of 0.80.

Gen Digital Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 11th. Stockholders of record on Monday, November 18th will be paid 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 is 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.