Scor (OTCMKTS:SCRYY) Sees Strong Trading Volume – Time to Buy?

Scor SE (OTCMKTS:SCRYY) shares saw strong trading volume on Monday . 50,612 shares changed hands during trading, an increase of 369% from the previous session’s volume of 10,785 shares.The stock last traded at $3.58 and had previously closed at $3.63.

Wall Street Analyst Weigh In

A number of research firms recently weighed in on SCRYY. The Goldman Sachs Group cut Scor from a “strong-buy” rating to a “hold” rating in a report on Wednesday, January 21st. BNP Paribas Exane raised Scor from a “neutral” rating to an “outperform” rating in a report on Monday, January 12th. One research analyst has rated the stock with a Strong Buy rating, three have given a Buy rating and two have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy”.

Scor Price Performance

The company has a market cap of $6.35 billion, a price-to-earnings ratio of 6.56 and a beta of 0.55. The business’s 50-day simple moving average is $3.40 and its 200-day simple moving average is $3.34.

Scor (OTCMKTS:SCRYY) last released its quarterly earnings results on Wednesday, March 4th. The financial services provider reported $0.14 EPS for the quarter, beating the consensus estimate of $0.13 by $0.01. Scor had a net margin of 5.55% and a return on equity of 20.42%. The business had revenue of $5.28 billion for the quarter, compared to analyst estimates of $3.83 billion. As a group, sell-side analysts forecast that Scor SE will post -0.01 EPS for the current 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.