Cap Gemini (OTCMKTS:CGEMY) Stock Price Down 7.2% – Here’s What Happened

Cap Gemini SA (OTCMKTS:CGEMY) shares traded down 7.2% during mid-day trading on Friday . The company traded as low as $23.1675 and last traded at $23.18. 10,155 shares traded hands during trading, a decline of 97% from the average session volume of 347,836 shares. The stock had previously closed at $24.98.

Analyst Upgrades and Downgrades

Several analysts recently commented on the company. Citigroup reiterated a “buy” rating on shares of Cap Gemini in a report on Tuesday, February 17th. Zacks Research lowered shares of Cap Gemini from a “strong-buy” rating to a “hold” rating in a report on Friday, April 17th. Berenberg Bank upgraded shares of Cap Gemini to a “hold” rating in a research report on Thursday, January 22nd. Finally, Morgan Stanley lowered Cap Gemini from an “equal weight” rating to an “underweight” rating in a research report on Monday, January 12th. One analyst has rated the stock with a Buy rating, two have given a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Hold”.

Cap Gemini Stock Performance

The company has a quick ratio of 1.21, a current ratio of 1.21 and a debt-to-equity ratio of 0.64. The firm has a fifty day simple moving average of $24.17 and a 200-day simple moving average of $28.73.

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.