Cap Gemini (OTCMKTS:CGEMY) Shares Pass Below 200-Day Moving Average - What's Next?

Key Points

• Cap Gemini shares dropped below their 200-day moving average of $30.97, trading as low as $28.21.
• Zacks Research upgraded Cap Gemini's rating from "hold" to "strong-buy", with a consensus rating of "Strong Buy" from analysts.
• As of now, the stock's 50-day moving average is $28.84, indicating potential volatility in its price performance.

Cap Gemini SA (OTCMKTS:CGEMY - Get Free Report) shares passed below its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $30.97 and traded as low as $28.21. Cap Gemini shares last traded at $28.34, with a volume of 246,053 shares traded.

Analysts Set New Price Targets

Separately, Zacks Research upgraded Cap Gemini from a "hold" rating to a "strong-buy" rating in a report on Monday, September 29th. One equities research analyst has rated the stock with a Strong Buy rating, According to data from MarketBeat.com, Cap Gemini has a consensus rating of "Strong Buy".

Cap Gemini Price Performance

The stock has a 50-day moving average of $28.84 and a 200-day moving average of $30.97.

Cap Gemini Company Profile

Capgemini SE, together with its subsidiaries, engages in the provision of consulting, digital transformation, technology, and engineering services primarily in North America, France, the United Kingdom, Ireland, the rest of Europe, the Asia-Pacific, and Latin America. The company offers strategy and transformation services in strategy, technology, data science, and creative design fields to support companies and organizations in creating new models and new products within the digital economy.

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