Gen Digital (NASDAQ:GEN) Trading Up 3% – Time to Buy?

Gen Digital Inc. (NASDAQ:GEN)’s stock price was up 3% on Monday . The company traded as high as $28.08 and last traded at $27.85. Approximately 3,194,030 shares changed hands during trading, a decline of 12% from the average daily volume of 3,633,850 shares. The stock had previously closed at $27.03.

Analyst Ratings Changes

Separately, UBS Group raised shares of Gen Digital to a “strong-buy” rating in a research report on Wednesday, December 4th.

Gen Digital Trading Up 3.0 %

The company has a debt-to-equity ratio of 3.29, a quick ratio of 0.35 and a current ratio of 0.35. The firm has a 50 day simple moving average of $27.41 and a two-hundred day simple moving average of $27.90. The firm has a market capitalization of $17.16 billion, a P/E ratio of 27.30, a PEG ratio of 1.19 and a beta of 0.92.

Gen Digital (NASDAQ:GEN) last released its earnings results on Thursday, January 30th. The company reported $0.52 EPS for the quarter, missing analysts’ consensus estimates of $0.55 by ($0.03). Gen Digital had a return on equity of 58.83% and a net margin of 16.32%. Equities research analysts forecast that Gen Digital Inc. will post 2.05 earnings per share for the current year.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently bought and sold shares of the business. Brighton Jones LLC lifted its stake in Gen Digital by 5.4% in the fourth quarter. Brighton Jones LLC now owns 25,212 shares of the company’s stock worth $690,000 after acquiring an additional 1,299 shares during the period. QSM Asset Management Ltd bought a new position in Gen Digital in the fourth quarter worth $5,373,000. Finally, Universal Beteiligungs und Servicegesellschaft mbH bought a new position in Gen Digital in the fourth quarter worth $14,367,000. 81.38% of the stock is currently owned by institutional investors.

About Gen Digital

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.