Cap Gemini (OTCMKTS:CGEMY) Sees Strong Trading Volume – Here’s Why

Shares of Cap Gemini SA (OTCMKTS:CGEMY) saw an uptick in trading volume on Thursday . 263,261 shares changed hands during trading, an increase of 94% from the previous session’s volume of 135,556 shares.The stock last traded at $33.45 and had previously closed at $34.14.

Wall Street Analysts Forecast Growth

CGEMY has been the subject of several research analyst reports. Zacks Research downgraded shares of Cap Gemini from a “strong-buy” rating to a “hold” rating in a research report on Monday, November 10th. Morgan Stanley lowered shares of Cap Gemini from an “equal weight” rating to an “underweight” rating in a report on Monday, January 12th. One equities research analyst has rated the stock with a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Reduce”.

Cap Gemini Stock Down 1.1%

The business’s fifty day moving average is $32.75 and its 200-day moving average is $30.80.

About Cap Gemini

Cap Gemini (OTCMKTS: CGEMY), commonly known as Capgemini, is a global professional services and consulting firm that provides technology-led business transformation services. The company’s core activities include management and IT consulting, systems integration, application development and maintenance, cloud migration and managed services. Capgemini delivers solutions across the digital value chain, combining strategy, design, engineering and operations to help clients modernize legacy systems, implement cloud platforms, deploy data and AI capabilities, and secure IT environments.

Founded in 1967 by Serge Kampf and headquartered in Paris, Capgemini has grown through organic expansion and strategic acquisitions to broaden its capabilities and geographic footprint.