Gen Digital (NASDAQ:GEN) Trading Down 1% – What’s Next?

Gen Digital Inc. (NASDAQ:GEN)’s share price dropped 1% during trading on Friday . The company traded as low as $26.92 and last traded at $27.05. Approximately 3,472,971 shares traded hands during trading, an increase of 9% from the average daily volume of 3,171,667 shares. The stock had previously closed at $27.32.

Analyst Upgrades and Downgrades

Separately, UBS Group raised Gen Digital to a “strong-buy” rating in a research note on Wednesday, December 4th.

Gen Digital Trading Down 1.0 %

The stock has a market cap of $16.67 billion, a P/E ratio of 26.52, a price-to-earnings-growth ratio of 1.19 and a beta of 0.83. The company has a debt-to-equity ratio of 3.29, a quick ratio of 0.35 and a current ratio of 0.35. The firm’s fifty day simple moving average is $27.57 and its 200-day simple moving average is $27.66.

Gen Digital (NASDAQ:GEN) last posted its quarterly earnings results on Thursday, January 30th. The company reported $0.52 earnings per share for the quarter, missing analysts’ consensus estimates of $0.55 by ($0.03). Gen Digital had a return on equity of 58.83% and a net margin of 16.32%. Equities research analysts expect that Gen Digital Inc. will post 2.05 EPS for the current fiscal year.

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.