Cap Gemini (OTCMKTS:CGEMY) Shares Gap Down – Here’s What Happened

Cap Gemini SA (OTCMKTS:CGEMY) gapped down prior to trading on Monday . The stock had previously closed at $24.64, but opened at $23.94. Cap Gemini shares last traded at $24.06, with a volume of 38,944 shares.

Analyst Upgrades and Downgrades

CGEMY has been the subject of several analyst reports. Berenberg Bank upgraded Cap Gemini to a “hold” rating in a report on Thursday, January 22nd. Morgan Stanley cut Cap Gemini from an “equal weight” rating to an “underweight” rating in a research note on Monday, January 12th. Citigroup restated a “buy” rating on shares of Cap Gemini in a research note on Tuesday, February 17th. Finally, Zacks Research upgraded shares of Cap Gemini from a “strong sell” rating to a “strong-buy” rating in a report on Wednesday, February 18th. One investment analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating, one has assigned a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy”.

Cap Gemini Stock Down 1.8%

The company has a debt-to-equity ratio of 0.64, a quick ratio of 1.21 and a current ratio of 1.21. The stock has a 50-day simple moving average of $28.43 and a 200 day simple moving average of $29.76.

Cap Gemini Company Profile

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.