Gen Digital (NASDAQ:GEN) Upgraded by UBS Group to “Strong-Buy” Rating

UBS Group upgraded shares of Gen Digital (NASDAQ:GEN) to a strong-buy rating in a research report sent to investors on Wednesday morning,Zacks.com reports.

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

Gen Digital Stock Performance

Shares of NASDAQ GEN opened at $31.70 on Wednesday. The business’s 50-day moving average price is $28.65 and its two-hundred day moving average price is $26.44. 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 has a one year low of $19.08 and a one year high of $31.72. The company has a market capitalization of $19.53 billion, a P/E ratio of 32.35, a price-to-earnings-growth ratio of 1.44 and a beta of 0.80.

Gen Digital Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, December 11th. Investors of record on Monday, November 18th will be given a dividend of $0.125 per share. The ex-dividend date of this dividend is Monday, November 18th. This represents a $0.50 annualized dividend and a dividend yield of 1.58%. Gen Digital’s dividend payout ratio (DPR) is presently 51.02%.

About Gen Digital

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.