Cap Gemini (OTCMKTS:CGEMY) Sees Unusually-High Trading Volume – Still a Buy?

Cap Gemini SA (OTCMKTS:CGEMY) shares saw unusually-strong trading volume on Thursday . Approximately 263,261 shares traded hands during mid-day trading, an increase of 94% from the previous session’s volume of 135,556 shares.The stock last traded at $33.45 and had previously closed at $34.14.

Analyst Ratings Changes

A number of equities analysts recently issued reports on CGEMY shares. Zacks Research lowered shares of Cap Gemini from a “strong-buy” rating to a “hold” rating in a research report on Monday, November 10th. Morgan Stanley lowered shares of Cap Gemini from an “equal weight” rating to an “underweight” rating in a report on Monday. One investment analyst has rated the stock with a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Reduce”.

Cap Gemini Trading Down 3.0%

The company has a 50-day moving average price of $32.58 and a 200-day moving average price of $30.80.

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.