Gen Digital (NASDAQ:GEN) Hits New 52-Week High at $27.53

Gen Digital Inc. (NASDAQ:GEN) hit a new 52-week high during trading on Monday . The company traded as high as $27.53 and last traded at $27.48, with a volume of 709017 shares changing hands. The stock had previously closed at $27.47.

Gen Digital Price Performance

The stock has a 50 day moving average of $25.82 and a two-hundred day moving average of $24.07. The company has a debt-to-equity ratio of 3.65, a quick ratio of 0.30 and a current ratio of 0.30. The firm has a market capitalization of $17.13 billion, a P/E ratio of 28.92, a P/E/G ratio of 1.27 and a beta of 0.81.

Gen Digital (NASDAQ:GEN) last released its quarterly earnings results on Thursday, August 1st. The company reported $0.49 EPS for the quarter, meeting analysts’ consensus estimates of $0.49. Gen Digital had a net margin of 15.87% and a return on equity of 52.29%. The company had revenue of $965.00 million for the quarter, compared to analyst estimates of $960.41 million. Sell-side analysts predict that Gen Digital Inc. will post 2.04 earnings per share for the current fiscal year.

Gen Digital Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, September 11th. Shareholders of record on Monday, August 19th were given a dividend of $0.125 per share. This represents a $0.50 dividend on an annualized basis and a yield of 1.83%. The ex-dividend date of this dividend was Monday, August 19th. Gen Digital’s dividend payout ratio is 52.63%.

About Gen Digital

Gen Digital Inc provides cyber safety solutions for consumers in the United States, Canada, Latin America, Europe, the Middle East, Africa, the Asia Pacific, and Japan. It offers security and performance products comprising that provide real-time protection for PCs, Macs and mobile devices against malware, viruses, adware, and other online threats; and Norton and LifeLock identity theft protection solution that offers monitoring, alerts, and restoration services to its customers.