Cap Gemini (OTCMKTS:CGEMY) Sees Large Volume Increase – What’s Next?

Cap Gemini SA (OTCMKTS:CGEMY) shares saw unusually-strong trading volume on Thursday . Approximately 460,335 shares traded hands during mid-day trading, an increase of 138% from the previous session’s volume of 193,400 shares.The stock last traded at $27.77 and had previously closed at $28.25.

Analysts Set New Price Targets

CGEMY has been the subject of a number of recent analyst reports. Zacks Research lowered shares of Cap Gemini from a “hold” rating to a “strong sell” rating in a report on Thursday, January 22nd. Morgan Stanley cut Cap Gemini from an “equal weight” rating to an “underweight” rating in a research report on Monday, January 12th. Finally, Berenberg Bank upgraded Cap Gemini to a “hold” rating in a research note on Thursday, January 22nd. One investment analyst has rated the stock with a Hold rating and two have issued a Sell rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Sell”.

Cap Gemini Stock Down 1.9%

The company has a 50 day moving average price of $32.98 and a 200-day moving average price of $30.62.

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.