Gen Digital (NASDAQ:GEN) Hits New 52-Week High – Should You Buy?

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

Analyst Ratings Changes

A number of brokerages recently commented on GEN. UBS Group upgraded shares of Gen Digital to a “strong-buy” rating in a research report on Wednesday. Wells Fargo & Company raised shares of Gen Digital to a “strong-buy” rating in a research note on Thursday, October 24th.

Gen Digital Price Performance

The stock has a market capitalization of $19.26 billion, a PE ratio of 31.89, a PEG ratio of 1.44 and a beta of 0.80. The company has a current ratio of 0.32, a quick ratio of 0.32 and a debt-to-equity ratio of 3.40. The company’s 50 day simple moving average is $28.74 and its 200 day simple moving average is $26.47.

Gen Digital Announces Dividend

The company also recently announced 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. The ex-dividend date of this dividend is Monday, November 18th. This represents a $0.50 annualized dividend and a yield of 1.60%. Gen Digital’s 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.