Genpact Limited (G) : During the past 4 weeks, traders have been relatively bearish on Genpact Limited (G), hence the stock is down -10.81% when compared to the S&P 500 during the same period. However, in the past 1 week, the selling of the stock is down by -1.92% relative to the S&P 500. The 4-week change in the price of the stock is -10.47% and the stock has fallen -1.95% in the past 1 week.
Genpact Limited has dropped 13.33% during the last 3-month period . Year-to-Date the stock performance stands at -5.48%. The stock has recorded a 20-day Moving Average of 6% and the 50-Day Moving Average is 9.75%.
Genpact Limited (NYSE:G): The stock opened at $23.64 on Friday but the bulls could not build on the opening and the stock topped out at $23.72 for the day. The stock traded down to $23.47 during the day, due to lack of any buying support eventually closed down at $23.61 with a loss of -0.30% for the day. The stock had closed at $23.68 on the previous day. The total traded volume was 456,489 shares.
Also, Equity analysts at the Brokerage firm Morgan Stanley downgrades its rating on Genpact Limited (NYSE:G). The rating major has initiated the coverage with underweight rating on the shares. Earlier, the shares were rated a Equal-weight by the brokerage firm. The Analysts at Morgan Stanley lowers the price target from $25 per share to $22 per share. The rating by the firm was issued on August 10, 2016.
Genpact Limited (Genpact) designs, transforms and runs intelligent business operations. The Companys smart enterprise processes (SEPSM) framework helps companies reimagine how they operate by integrating effective Systems of Engagement, core information technology (IT) and Data-to-Action Analytics. The Company offers various services, which include banking and financial services, insurance services, capital markets, consumer product goods services, life sciences and pharmaceutical services, infrastructure and manufacturing services, healthcare and high tech services. In addition to these services, it also offers finance and accounting (F&A) services, analytics and research, business consulting services, enterprise risk consulting, re-engineering, supply chain and procurement services, enterprise application services, IT management services and collections and customer services. Its solutions include Smart Enterprise Processes (SEP) and Genpact Digital.