Cap Gemini (OTCMKTS:CGEMY) Stock Passes Above 50-Day Moving Average - Here's What Happened

Key Points

• Cap Gemini's stock price surpassed its 50-day moving average of $28.82, reaching a high of $29.91 during trading.
• Zacks Research upgraded Cap Gemini's rating from "hold" to "strong-buy", reflecting positive sentiment among analysts regarding the stock.
• The company is involved in consulting, digital transformation, technology, and engineering services, primarily serving regions including North America and Europe.

Cap Gemini SA (OTCMKTS:CGEMY - Get Free Report) crossed above its 50-day moving average during trading on Friday . The stock has a 50-day moving average of $28.82 and traded as high as $29.91. Cap Gemini shares last traded at $29.43, with a volume of 96,562 shares traded.

Analyst Upgrades and Downgrades

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

Cap Gemini Stock Performance

The company has a 50 day simple moving average of $28.82 and a 200 day simple moving average of $30.86.

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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