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

Gen Digital Inc. (NASDAQ:GEN)’s stock price hit a new 52-week high during mid-day trading on Wednesday . The company traded as high as $31.20 and last traded at $31.16, with a volume of 99303 shares trading hands. The stock had previously closed at $30.84.

Wall Street Analyst Weigh In

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

Gen Digital Stock Up 2.1 %

The company has a 50 day moving average price of $28.55 and a two-hundred day moving average price of $26.40. The company has a debt-to-equity ratio of 3.40, a current ratio of 0.32 and a quick ratio of 0.32. The stock has a market cap of $19.40 billion, a PE ratio of 31.99, a PEG ratio of 1.45 and a beta of 0.80.

Gen Digital Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, December 11th. Stockholders of record on Monday, November 18th will be paid a $0.125 dividend. This represents a $0.50 annualized dividend and a dividend yield of 1.59%. The ex-dividend date of this dividend 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.