Scor (OTCMKTS:SCRYY) Sees Large Volume Increase – Still a Buy?

Shares of Scor SE (OTCMKTS:SCRYY) saw unusually-high trading volume on Monday . Approximately 9,271 shares changed hands during mid-day trading, a decline of 8% from the previous session’s volume of 10,048 shares.The stock last traded at $3.80 and had previously closed at $3.78.

Wall Street Analysts Forecast Growth

A number of research firms have issued reports on SCRYY. Morgan Stanley restated an “overweight” rating on shares of Scor in a research note on Thursday, May 7th. Zacks Research cut shares of Scor from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, March 25th. Citigroup reissued a “buy” rating on shares of Scor in a report on Thursday, May 7th. Finally, BNP Paribas Exane lowered shares of Scor from an “outperform” rating to a “neutral” rating in a research report on Wednesday, June 17th. Three investment analysts have rated the stock with a Buy rating and three have issued a Hold rating to the stock. According to data from MarketBeat, Scor has an average rating of “Moderate Buy”.

Scor Price Performance

The business has a 50-day simple moving average of $3.69 and a 200 day simple moving average of $3.56. The firm has a market cap of $6.82 billion, a PE ratio of 6.67 and a beta of 0.59.

Scor (OTCMKTS:SCRYY) last posted its quarterly earnings data on Wednesday, May 6th. The financial services provider reported $0.14 earnings per share for the quarter, beating analysts’ consensus estimates of $0.12 by $0.02. The firm had revenue of $4.49 billion for the quarter, compared to analysts’ expectations of $4.58 billion. Scor had a return on equity of 20.83% and a net margin of 5.79%. On average, equities analysts forecast that Scor SE will post 0.47 earnings per share for the current fiscal year.

Scor Company Profile

SCOR SE, trading over-the-counter as SCRYY, is a leading global reinsurer headquartered in Paris, France. Founded in 1970, the company specializes in providing property & casualty and life & health reinsurance solutions to insurance companies worldwide. By pooling and diversifying risk, SCOR enables its clients to underwrite larger exposures, stabilize loss experience and safeguard their balance sheets against extreme events.

The company’s main business activities encompass risk underwriting, claims management and portfolio solutions designed to address evolving market needs.