Scor (OTCMKTS:SCRYY) Shares Gap Up – Time to Buy?

Shares of Scor SE (OTCMKTS:SCRYY) gapped up prior to trading on Tuesday . The stock had previously closed at $3.95, but opened at $4.12. Scor shares last traded at $4.12, with a volume of 2,130 shares trading hands.

Wall Street Analysts Forecast Growth

A number of analysts have commented on SCRYY shares. BNP Paribas Exane lowered Scor from an “outperform” rating to a “neutral” rating in a report on Wednesday, June 17th. UBS Group cut Scor from a “hold” rating to a “sell” rating in a research note on Tuesday, August 18th. Citigroup reaffirmed a “buy” rating on shares of Scor in a report on Thursday, May 7th. Finally, Morgan Stanley reaffirmed an “overweight” rating on shares of Scor in a research report on Thursday, May 7th. Three analysts have rated the stock with a Buy rating, three have assigned a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, Scor presently has a consensus rating of “Hold”.

Scor Stock Up 2.0%

The stock has a market capitalization of $7.39 billion, a PE ratio of 7.63 and a beta of 0.58. The firm’s fifty day moving average price is $3.85 and its two-hundred day moving average price is $3.68.

Scor (OTCMKTS:SCRYY) last issued its earnings results on Thursday, July 30th. The financial services provider reported $0.12 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.10 by $0.02. Scor had a net margin of 5.50% and a return on equity of 19.40%. The company had revenue of $4.17 billion for the quarter, compared to analysts’ expectations of $4.25 billion. As a group, analysts predict that Scor SE will post 0.49 EPS for the current year.

About Scor

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.