Gen Digital (NASDAQ:GEN) Sets New 52-Week High – Time to Buy?

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

Wall Street Analysts Forecast Growth

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

Gen Digital Stock Performance

The company has a debt-to-equity ratio of 3.40, a quick ratio of 0.32 and a current ratio of 0.32. The stock has a market capitalization of $19.04 billion, a PE ratio of 31.40, a P/E/G ratio of 1.41 and a beta of 0.80. The firm’s 50 day moving average is $28.06 and its two-hundred day moving average is $26.14.

Gen Digital Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, December 11th. Shareholders 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 yield of 1.62%. The ex-dividend date of this dividend is Monday, November 18th. Gen Digital’s dividend payout ratio (DPR) is 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.