Cap Gemini (OTCMKTS:CGEMY) Sees Unusually-High Trading Volume – Time to Buy?

Cap Gemini SA (OTCMKTS:CGEMY) saw strong trading volume on Thursday . 460,335 shares were traded during mid-day trading, an increase of 138% from the previous session’s volume of 193,400 shares.The stock last traded at $27.77 and had previously closed at $28.25.

Wall Street Analysts Forecast Growth

Several research analysts recently commented on the stock. Zacks Research downgraded shares of Cap Gemini from a “hold” rating to a “strong sell” rating in a research note on Thursday, January 22nd. Berenberg Bank upgraded shares of Cap Gemini to a “hold” rating in a report on Thursday, January 22nd. Finally, Morgan Stanley downgraded 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 two have issued a Sell rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Sell”.

Cap Gemini Stock Down 0.7%

The business has a fifty day simple moving average of $32.84 and a 200-day simple moving average of $30.57.

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.