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

Cap Gemini SA (OTCMKTS:CGEMY) shares saw unusually-high trading volume on Thursday . Approximately 421,034 shares changed hands during trading, an increase of 19% from the previous session’s volume of 353,634 shares.The stock last traded at $20.43 and had previously closed at $20.65.

Analyst Upgrades and Downgrades

A number of equities analysts have recently commented on the stock. Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating on shares of Cap Gemini in a report on Tuesday, June 2nd. Zacks Research lowered Cap Gemini from a “strong-buy” rating to a “hold” rating in a research note on Friday, April 17th. Two analysts have rated the stock with a Buy rating, two have given a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Hold”.

Cap Gemini Stock Down 0.8%

The company has a debt-to-equity ratio of 0.64, a quick ratio of 1.21 and a current ratio of 1.21. The business has a 50 day moving average of $22.45 and a 200 day moving average of $25.60.

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.