Cap Gemini (OTCMKTS:CGEMY) Shares Gap Down – Time to Sell?

Shares of Cap Gemini SA (OTCMKTS:CGEMY) gapped down before the market opened on Friday . The stock had previously closed at $22.78, but opened at $21.98. Cap Gemini shares last traded at $22.03, with a volume of 3,653 shares.

Wall Street Analyst Weigh In

Several research analysts have weighed in on CGEMY shares. Deutsche Bank Aktiengesellschaft reiterated a “buy” rating on shares of Cap Gemini in a report on Tuesday, June 2nd. Citigroup reiterated a “buy” rating on shares of Cap Gemini in a report on Tuesday, February 17th. Finally, Zacks Research lowered Cap Gemini from a “strong-buy” rating to a “hold” rating in a report on Friday, April 17th. Two investment analysts have rated the stock with a Buy rating, two have given a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Hold”.

Cap Gemini Stock Performance

The business has a fifty day moving average price of $23.87 and a 200 day moving average price of $27.36. The company has a quick ratio of 1.21, a current ratio of 1.21 and a debt-to-equity ratio of 0.64.

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.