Gen Digital (NASDAQ:GEN) Reaches New 52-Week High – Here’s Why

Gen Digital Inc. (NASDAQ:GENGet Free Report)’s stock price hit a new 52-week high during mid-day trading on Monday . The company traded as high as $27.81 and last traded at $27.65, with a volume of 240455 shares trading hands. The stock had previously closed at $27.75.

Gen Digital Stock Performance

The stock has a 50 day moving average of $26.19 and a 200-day moving average of $24.47. The company has a market capitalization of $17.08 billion, a P/E ratio of 29.21, a P/E/G ratio of 1.29 and a beta of 0.81. The company has a current ratio of 0.30, a quick ratio of 0.30 and a debt-to-equity ratio of 3.65.

Gen Digital (NASDAQ:GENGet Free Report) last announced its quarterly earnings data on Thursday, August 1st. The company reported $0.49 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.49. The company had revenue of $965.00 million during the quarter, compared to the consensus estimate of $960.41 million. Gen Digital had a return on equity of 52.29% and a net margin of 15.87%. On average, research analysts predict that Gen Digital Inc. will post 2.04 EPS for the current year.

Gen Digital Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Wednesday, September 11th. Shareholders of record on Monday, August 19th were paid a $0.125 dividend. The ex-dividend date was Monday, August 19th. This represents a $0.50 annualized dividend and a yield of 1.80%. Gen Digital’s payout ratio is 52.63%.

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.

Further Reading

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