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

Scor SE (OTCMKTS:SCRYY)’s share price gapped up prior to trading on Thursday . The stock had previously closed at $3.61, but opened at $3.82. Scor shares last traded at $3.82, with a volume of 159 shares traded.

Wall Street Analysts Forecast Growth

Several brokerages recently commented on SCRYY. BNP Paribas Exane cut shares of Scor from an “outperform” rating to a “neutral” rating in a research note on Wednesday, June 17th. Citigroup reiterated a “buy” rating on shares of Scor in a research note on Thursday, May 7th. Morgan Stanley reissued an “overweight” rating on shares of Scor in a report on Thursday, May 7th. Finally, Zacks Research lowered shares of Scor from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, March 25th. Three analysts have rated the stock with a Buy rating and three have given a Hold rating to the company. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy”.

Scor Stock Performance

The firm has a market cap of $6.78 billion, a PE ratio of 6.63 and a beta of 0.59. The stock’s 50 day simple moving average is $3.69 and its 200 day simple moving average is $3.53.

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 the consensus estimate of $0.12 by $0.02. Scor had a net margin of 5.79% and a return on equity of 20.83%. The firm had revenue of $4.49 billion for the quarter, compared to analysts’ expectations of $4.58 billion. As a group, analysts anticipate that Scor SE will post 0.49 earnings per share 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.