Cap Gemini (OTCMKTS:CGEMY) Hits New 12-Month Low – Time to Sell?

Cap Gemini SA (OTCMKTS:CGEMY) shares reached a new 52-week low on Wednesday . The stock traded as low as $24.96 and last traded at $24.98, with a volume of 23413 shares trading hands. The stock had previously closed at $26.86.

Wall Street Analysts Forecast Growth

Several research analysts have commented on CGEMY shares. Zacks Research downgraded shares of Cap Gemini from a “hold” rating to a “strong sell” rating in a report on Thursday, January 22nd. Berenberg Bank raised Cap Gemini to a “hold” rating in a research note on Thursday, January 22nd. Finally, Morgan Stanley downgraded Cap Gemini from an “equal weight” rating to an “underweight” rating in a research report on Monday, January 12th. 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, Cap Gemini currently has an average rating of “Sell”.

Cap Gemini Trading Down 7.3%

The stock has a 50-day simple moving average of $32.64 and a two-hundred day simple moving average of $30.48.

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.