Cap Gemini (OTCMKTS:CGEMY) Shares Gap Down – Should You Sell?

Shares of Cap Gemini SA (OTCMKTS:CGEMY) gapped down prior to trading on Tuesday . The stock had previously closed at $31.03, but opened at $29.51. Cap Gemini shares last traded at $29.27, with a volume of 1,300 shares trading hands.

Analyst Upgrades and Downgrades

Several research firms have commented on CGEMY. Berenberg Bank raised shares of Cap Gemini to a “hold” rating in a report on Thursday, January 22nd. Morgan Stanley lowered Cap Gemini from an “equal weight” rating to an “underweight” rating in a report on Monday, January 12th. Finally, Zacks Research downgraded Cap Gemini from a “hold” rating to a “strong sell” rating in a report on Thursday, January 22nd. One analyst has rated the stock with a Hold rating and two have assigned a Sell rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Sell”.

Cap Gemini Stock Performance

The company has a 50 day moving average price of $33.07 and a two-hundred day moving average price of $30.66.

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.