Gen Digital (NASDAQ:GEN) Sets New 1-Year High – Here’s What Happened

Posted by Jessica Moore on Nov 26th, 2024

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

Wall Street Analyst Weigh In

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

Get Our Latest Analysis on GEN

Gen Digital Stock Up 0.9 %

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 firm has a market capitalization of $19.04 billion, a PE ratio of 31.40, a price-to-earnings-growth ratio of 1.41 and a beta of 0.80. The firm has a 50-day moving average of $28.06 and a two-hundred day moving average of $26.14.

Gen Digital Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, December 11th. Stockholders of record on Monday, November 18th will be given a dividend of $0.125 per share. This represents a $0.50 dividend on an annualized basis and a dividend yield of 1.62%. The ex-dividend date of this dividend is Monday, November 18th. Gen Digital’s payout ratio is currently 51.02%.

About Gen Digital

(Get Free Report)

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.