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

Cap Gemini SA (OTCMKTS:CGEMY)’s stock price gapped up prior to trading on Tuesday . The stock had previously closed at $21.99, but opened at $23.22. Cap Gemini shares last traded at $23.2040, with a volume of 5,889 shares.

Analysts Set New Price Targets

A number of research firms recently issued reports on CGEMY. Berenberg Bank upgraded shares of Cap Gemini to a “hold” rating in a research report on Thursday, January 22nd. Morgan Stanley downgraded Cap Gemini from an “equal weight” rating to an “underweight” rating in a research report on Monday, January 12th. Citigroup reissued a “buy” rating on shares of Cap Gemini in a report on Tuesday, February 17th. Finally, Zacks Research upgraded Cap Gemini from a “strong sell” rating to a “strong-buy” rating in a research note on Wednesday, February 18th. One analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating, one has assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy”.

Cap Gemini Stock Down 0.1%

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 firm’s fifty day moving average price is $25.71 and its two-hundred day moving average price is $29.23.

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.