Genpact Limited (G) : During the past 4 weeks, traders have been relatively bearish on Genpact Limited (G), hence the stock is down -10.73% 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 -1.32% relative to the S&P 500. The 4-week change in the price of the stock is -9.81% and the stock has fallen -1.27% in the past 1 week.
The stock has recorded a 20-day Moving Average of 6.48% and the 50-Day Moving Average is 9.5%. Genpact Limited (NYSE:G): On Fridays trading session , Opening price of the stock was $24.26 with an intraday high of $24.3. The bears continued to sell at higher levels and eventually sold the stock down to an intraday low of $24.07. However, the stock managed to close at $24.08, a loss of 0.70% for the day. On the previous day, the stock had closed at $24.25. The total traded volume of the day was 662,485 shares.
The company Insiders own 1.55% of Genpact Limited shares according to the proxy statements. In the past twelve weeks, the net percent change held by company insiders has changed by -17.49% . Institutional Investors own 88.14% of Genpact Limited shares. During last six month period, the net percent change held by insiders has seen a change of 1.42%. Also, Morgan Stanley downgrades its rating on Genpact Limited (NYSE:G). The global brokerage major lowers the current price target from $25 per share to $22 per share. Analysts at the Morgan Stanley have a current rating of Underweight on the shares. The shares were previously rated Equal-weight. 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.