Cap Gemini (OTCMKTS:CGEMY) Sees Large Volume Increase – Still a Buy?

Cap Gemini SA (OTCMKTS:CGEMY) shares saw unusually-high trading volume on Friday . Approximately 550,323 shares traded hands during mid-day trading, an increase of 245% from the previous session’s volume of 159,345 shares.The stock last traded at $31.11 and had previously closed at $30.79.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently issued reports on the company. Berenberg Bank upgraded Cap Gemini to a “hold” rating in a research report on Thursday, January 22nd. Morgan Stanley downgraded Cap Gemini from an “equal weight” rating to an “underweight” rating in a research note on Monday, January 12th. Finally, Zacks Research lowered Cap Gemini from a “hold” rating to a “strong sell” rating in a report on Thursday, January 22nd. One research analyst has rated the stock with a Hold rating and two have assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Sell”.

Cap Gemini Stock Performance

The firm has a 50 day simple moving average of $33.05 and a 200-day simple moving average of $30.67.

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.