Scor (OTCMKTS:SCRYY) Sees Strong Trading Volume – Here’s Why

Scor SE (OTCMKTS:SCRYY) saw an uptick in trading volume on Tuesday . 24,174 shares traded hands during trading, an increase of 66% from the previous session’s volume of 14,522 shares.The stock last traded at $3.31 and had previously closed at $3.39.

Wall Street Analysts Forecast Growth

A number of analysts have commented on SCRYY shares. Royal Bank Of Canada reiterated an “outperform” rating on shares of Scor in a research report on Tuesday, October 14th. Morgan Stanley reissued an “overweight” rating on shares of Scor in a research note on Monday, October 13th. Zacks Research upgraded Scor from a “hold” rating to a “strong-buy” rating in a report on Thursday, October 16th. Finally, BNP Paribas upgraded shares of Scor from a “neutral” rating to an “outperform” rating in a report on Monday. Two investment analysts have rated the stock with a Strong Buy rating, three have assigned a Buy rating and two have issued a Hold rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Buy”.

Scor Stock Performance

The stock has a market capitalization of $5.95 billion, a price-to-earnings ratio of 6.13 and a beta of 0.59. The business’s 50 day simple moving average is $3.22 and its 200-day simple moving average is $3.32.

Scor (OTCMKTS:SCRYY) last posted its quarterly earnings data on Friday, October 31st. The financial services provider reported $0.14 earnings per share for the quarter, hitting the consensus estimate of $0.14. The business had revenue of $4.34 billion during the quarter, compared to the consensus estimate of $3.75 billion. Scor had a net margin of 5.63% and a return on equity of 20.01%. As a group, sell-side analysts expect 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.