Cap Gemini (OTCMKTS:CGEMY) Reaches New 52-Week Low – Here’s Why

Cap Gemini SA (OTCMKTS:CGEMY) hit a new 52-week low during mid-day trading on Friday . The company traded as low as $22.46 and last traded at $22.46, with a volume of 1785 shares. The stock had previously closed at $23.63.

Analysts Set New Price Targets

A number of research firms recently commented on CGEMY. Morgan Stanley cut Cap Gemini from an “equal weight” rating to an “underweight” rating in a report on Monday, January 12th. Zacks Research raised Cap Gemini from a “strong sell” rating to a “strong-buy” rating in a research note on Wednesday, February 18th. Berenberg Bank upgraded Cap Gemini to a “hold” rating in a research report on Thursday, January 22nd. Finally, Citigroup reaffirmed a “buy” rating on shares of Cap Gemini in a research note on Tuesday, February 17th. One analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating, one has issued a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy”.

Cap Gemini Price Performance

The stock’s 50-day moving average is $27.36 and its two-hundred day moving average is $29.58. The company has a current ratio of 1.21, a quick ratio of 1.21 and a debt-to-equity ratio of 0.64.

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.