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

Cap Gemini SA (OTCMKTS:CGEMY) gapped down prior to trading on Wednesday . The stock had previously closed at $25.25, but opened at $24.42. Cap Gemini shares last traded at $24.40, with a volume of 4,087 shares.

Wall Street Analyst Weigh In

A number of research firms have recently commented on CGEMY. Deutsche Bank Aktiengesellschaft reissued a “buy” rating on shares of Cap Gemini in a research report on Tuesday, June 2nd. Zacks Research cut shares of Cap Gemini from a “strong-buy” rating to a “hold” rating in a research report on Friday, April 17th. Two research analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, Cap Gemini has an average rating of “Hold”.

Cap Gemini Stock Down 3.5%

The company’s fifty day simple moving average is $21.93 and its two-hundred day simple moving average is $23.87. The company has a current ratio of 1.21, a quick 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.