Cap Gemini (OTCMKTS:CGEMY) Shares Gap Up – Time to Buy?

Cap Gemini SA (OTCMKTS:CGEMY)’s share price gapped up before the market opened on Tuesday . The stock had previously closed at $23.14, but opened at $24.31. Cap Gemini shares last traded at $24.58, with a volume of 1,592 shares traded.

Wall Street Analysts Forecast Growth

Several equities research analysts recently weighed in on the company. Berenberg Bank upgraded Cap Gemini to a “hold” rating in a research note on Thursday, January 22nd. Zacks Research cut shares of Cap Gemini from a “strong-buy” rating to a “hold” rating in a research report on Friday, April 17th. Finally, Citigroup reissued a “buy” rating on shares of Cap Gemini in a research report on Tuesday, February 17th. One analyst has rated the stock with a Buy rating, two have issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Hold”.

Cap Gemini Price Performance

The company has a current ratio of 1.21, a quick ratio of 1.21 and a debt-to-equity ratio of 0.64. The company has a 50 day moving average price of $23.89 and a 200 day moving average price of $28.18.

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.