Scor (OTCMKTS:SCRYY) Sees Large Volume Increase – Still a Buy?

Scor SE (OTCMKTS:SCRYY) shares saw unusually-strong trading volume on Wednesday . Approximately 9,700 shares were traded during mid-day trading, an increase of 1% from the previous session’s volume of 9,563 shares.The stock last traded at $3.77 and had previously closed at $3.64.

Wall Street Analysts Forecast Growth

A number of equities analysts recently commented on SCRYY shares. Citigroup reaffirmed a “buy” rating on shares of Scor in a research note on Thursday, May 7th. Morgan Stanley reaffirmed an “overweight” rating on shares of Scor in a research note on Thursday, May 7th. Finally, Zacks Research lowered shares of Scor from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, March 25th. Four equities research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company’s stock. Based on data from MarketBeat, Scor currently has an average rating of “Moderate Buy”.

Scor Stock Performance

The business’s 50 day simple moving average is $3.71 and its 200-day simple moving average is $3.48. The company has a market cap of $6.51 billion, a price-to-earnings ratio of 6.37 and a beta of 0.58.

Scor (OTCMKTS:SCRYY) last released its quarterly earnings data on Wednesday, May 6th. The financial services provider reported $0.14 earnings per share (EPS) 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 business had revenue of $4.49 billion during the quarter, compared to analyst estimates of $4.58 billion.

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.