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Gen Digital (NASDAQ:GEN) Sets New 52-Week High - Still a Buy?

Gen Digital logo with Business Services background

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

Analyst Ratings Changes

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

View Our Latest Report on Gen Digital

Gen Digital Price Performance

The firm has a market capitalization of $18.71 billion, a PE ratio of 30.99, a P/E/G ratio of 1.38 and a beta of 0.80. The business's 50 day moving average is $27.21 and its two-hundred day moving average is $25.38. 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 company also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 11th. Investors of record on Monday, November 18th will be given a $0.125 dividend. This represents a $0.50 dividend on an annualized basis and a yield of 1.65%. The ex-dividend date is Monday, November 18th. Gen Digital's dividend payout ratio (DPR) is currently 51.02%.

Gen Digital Company Profile

(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.

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