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

Scor SE (OTCMKTS:SCRYY)’s share price gapped up prior to trading on Tuesday. The stock had previously closed at $3.45, but opened at $3.72. Scor shares last traded at $3.72, with a volume of 100 shares.

Analysts Set New Price Targets

Several research firms recently issued reports on SCRYY. UBS Group cut Scor from a “hold” rating to a “sell” rating in a research note on Tuesday, August 18th. BNP Paribas Exane downgraded Scor from an “outperform” rating to a “neutral” rating in a report on Wednesday, June 17th. Three investment analysts have rated the stock with a Buy rating, three have assigned a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, the company presently has an average rating of “Hold”.

Scor Stock Performance

The company has a 50-day simple moving average of $3.93 and a two-hundred day simple moving average of $3.77. The firm has a market capitalization of $6.67 billion, a P/E ratio of 6.89 and a beta of 0.56.

Scor (OTCMKTS:SCRYY) last announced 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. The firm had revenue of $4.17 billion during the quarter, compared to analyst estimates of $4.25 billion. Scor had a return on equity of 19.18% and a net margin of 5.50%. As a group, research analysts forecast that Scor SE will post 0.49 earnings per share for the current fiscal 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.