Gen Digital (NASDAQ:GEN) Reaches New 1-Year High – Time to Buy?

Shares of Gen Digital Inc. (NASDAQ:GEN) hit a new 52-week high during trading on Monday . The stock traded as high as $30.04 and last traded at $29.99, with a volume of 900555 shares changing hands. The stock had previously closed at $29.53.

Wall Street Analysts Forecast Growth

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

Gen Digital Price Performance

The company has a fifty day moving average of $27.28 and a 200 day moving average of $25.45. The firm has a market capitalization of $18.81 billion, a P/E ratio of 31.15, a PEG ratio of 1.42 and a beta of 0.80. The company has a debt-to-equity ratio of 3.40, a current ratio of 0.32 and a quick ratio of 0.32.

Gen Digital Dividend Announcement

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 paid a $0.125 dividend. This represents a $0.50 annualized dividend and a yield of 1.64%. The ex-dividend date is 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.