Scor (OTCMKTS:SCRYY) Shares Gap Up – Should You Buy?

Scor SE (OTCMKTS:SCRYY) gapped up before the market opened on Tuesday. The stock had previously closed at $3.65, but opened at $3.80. Scor shares last traded at $3.80, with a volume of 252 shares trading hands.

Wall Street Analyst Weigh In

A number of research firms have commented on SCRYY. BNP Paribas Exane lowered shares of Scor from an “outperform” rating to a “neutral” rating in a research note on Wednesday, June 17th. UBS Group lowered Scor from a “hold” rating to a “sell” rating in a research note on Tuesday, August 18th. Three investment 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. Based on data from MarketBeat, the company currently has an average rating of “Hold”.

Scor Stock Performance

The business’s 50-day moving average price is $3.90 and its 200 day moving average price is $3.78. The company has a market cap of $6.82 billion, a P/E ratio of 7.04 and a beta of 0.56.

Scor (OTCMKTS:SCRYY) last released its quarterly earnings results on Thursday, July 30th. The financial services provider reported $0.12 earnings per share for the quarter, beating the consensus estimate of $0.10 by $0.02. The firm had revenue of $4.17 billion for the quarter, compared to analysts’ expectations of $4.25 billion. Scor had a net margin of 5.50% and a return on equity of 19.18%. Equities research analysts forecast that Scor SE will post 0.49 earnings per share for the current year.

About Scor

SCOR SE is a France-based global reinsurance company that provides risk-transfer solutions to insurance companies and other institutional clients. Its activities are primarily organized around life and health reinsurance, as well as property and casualty reinsurance.

The company offers reinsurance covering risks such as mortality, longevity, disability, medical expenses, natural catastrophes, major industrial losses and other property and casualty exposures. SCOR also provides related services, including risk modeling, actuarial expertise and investment management for insurance-related assets.

Founded in 1970, SCOR serves clients through operations in major insurance markets across Europe, North America, Asia-Pacific and other international regions.