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

Cap Gemini SA (OTCMKTS:CGEMY)’s share price gapped down prior to trading on Monday . The stock had previously closed at $35.12, but opened at $33.8450. Cap Gemini shares last traded at $33.82, with a volume of 3,469 shares traded.

Analyst Upgrades and Downgrades

Several research firms have commented on CGEMY. Morgan Stanley downgraded Cap Gemini from an “equal weight” rating to an “underweight” rating in a report on Monday. Zacks Research lowered Cap Gemini from a “strong-buy” rating to a “hold” rating in a research report on Monday, November 10th. One investment analyst has rated the stock with a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, Cap Gemini currently has a consensus rating of “Reduce”.

Cap Gemini Stock Down 3.9%

The business’s 50 day moving average price is $32.31 and its 200 day moving average price is $30.77.

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.