Gen Digital (NASDAQ:GEN) Shares Up 0% – What’s Next?

Shares of Gen Digital Inc. (NASDAQ:GEN) shot up 0% on Thursday . The stock traded as high as $27.92 and last traded at $27.86. 1,425,060 shares were traded during trading, a decline of 65% from the average session volume of 4,077,153 shares. The stock had previously closed at $27.85.

Analysts Set New Price Targets

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

Gen Digital Stock Down 0.8 %

The company has a market cap of $17.04 billion, a PE ratio of 28.21, a price-to-earnings-growth ratio of 1.40 and a beta of 0.80. The business has a fifty day simple moving average of $29.16 and a two-hundred day simple moving average of $26.92. The company has a current ratio of 0.32, a quick ratio of 0.32 and a debt-to-equity ratio of 3.40.

Gen Digital Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, December 11th. Shareholders of record on Monday, November 18th were paid a dividend of $0.125 per share. This represents a $0.50 dividend on an annualized basis and a yield of 1.81%. The ex-dividend date of this dividend was Monday, November 18th. Gen Digital’s dividend payout ratio (DPR) is presently 51.02%.

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.