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

Cap Gemini SA (OTCMKTS:CGEMY)’s stock price gapped down before the market opened on Wednesday . The stock had previously closed at $24.70, but opened at $23.62. Cap Gemini shares last traded at $23.49, with a volume of 10,211 shares changing hands.

Analysts Set New Price Targets

Several equities research analysts have weighed in on CGEMY shares. Jefferies Financial Group reaffirmed a “hold” rating on shares of Cap Gemini in a research report on Thursday, August 20th. Deutsche Bank Aktiengesellschaft reissued a “buy” rating on shares of Cap Gemini in a report on Tuesday, June 2nd. Two investment analysts have rated the stock with a Buy rating, three have assigned a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, Cap Gemini has an average rating of “Hold”.

Cap Gemini Trading Down 3.8%

The stock has a fifty day moving average price of $23.28 and a two-hundred day moving average price of $23.41. The company has a current ratio of 1.21, a quick ratio of 1.21 and a debt-to-equity ratio of 0.64.

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.