Gen Digital (NASDAQ:GEN) Stock Price Down 1% – Here’s Why

Gen Digital Inc. (NASDAQ:GEN) shares 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 were traded during mid-day trading, an increase of 9% from the average daily volume of 3,171,667 shares. The stock had previously closed at $27.32.

Wall Street Analyst Weigh In

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

Gen Digital Stock Performance

The firm has a market capitalization of $16.67 billion, a PE ratio of 26.52, a price-to-earnings-growth ratio of 1.20 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 50 day moving average price is $27.57 and its 200-day moving average price is $27.64.

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

Gen Digital Company Profile

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.