Scor (OTCMKTS:SCRYY) Sees Large Volume Increase – Here’s What Happened

Shares of Scor SE (OTCMKTS:SCRYY) saw an uptick in trading volume on Tuesday . 39,373 shares traded hands during trading, an increase of 60% from the previous session’s volume of 24,619 shares.The stock last traded at $3.46 and had previously closed at $3.36.

Analyst Ratings Changes

Several research analysts recently weighed in on SCRYY shares. Morgan Stanley restated an “overweight” rating on shares of Scor in a research report on Monday, October 13th. Zacks Research upgraded shares of Scor from a “hold” rating to a “strong-buy” rating in a research report on Thursday, October 16th. Finally, Royal Bank Of Canada reaffirmed an “outperform” rating on shares of Scor in a research note on Tuesday, October 14th. Two research analysts have rated the stock with a Strong Buy rating, two have issued a Buy rating and two have issued a Hold rating to the stock. Based on data from MarketBeat, Scor presently has a consensus rating of “Buy”.

Scor Stock Performance

The company’s 50-day moving average price is $3.22 and its 200 day moving average price is $3.32. The stock has a market cap of $6.13 billion, a PE ratio of 6.32 and a beta of 0.58.

Scor (OTCMKTS:SCRYY) last released its earnings results on Friday, October 31st. The financial services provider reported $0.14 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.14. The firm had revenue of $4.34 billion during the quarter, compared to analysts’ expectations of $3.75 billion. Scor had a return on equity of 20.01% and a net margin of 5.63%. On average, sell-side analysts anticipate that Scor SE will post -0.01 earnings per share for the current fiscal 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.