Gen Digital (NASDAQ:GEN) Shares Up 0% – Still a Buy?

Shares of Gen Digital Inc. (NASDAQ:GEN) shot up 0% during trading on Thursday . The stock traded as high as $27.92 and last traded at $27.86. 1,425,060 shares were traded during mid-day 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

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

Gen Digital Trading Down 0.8 %

The firm has a market cap of $17.04 billion, a PE ratio of 28.21, a P/E/G ratio of 1.40 and a beta of 0.80. The company’s fifty day moving average price is $29.16 and its two-hundred day moving average price is $26.92. The company has a quick ratio of 0.32, a current ratio of 0.32 and a debt-to-equity ratio of 3.40.

Gen Digital Dividend Announcement

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