Scor (OTCMKTS:SCRYY) Sees Unusually-High Trading Volume – Still a Buy?
by Kim Johansen · The Markets DailyShares of Scor SE (OTCMKTS:SCRYY – Get Free Report) saw strong trading volume on Monday . 6,250 shares were traded during mid-day trading, a decline of 35% from the previous session’s volume of 9,592 shares.The stock last traded at $3.62 and had previously closed at $3.57.
Wall Street Analysts Forecast Growth
A number of equities research analysts have recently issued reports on the stock. Morgan Stanley reissued an “overweight” rating on shares of Scor in a research report on Thursday, May 7th. Zacks Research cut Scor from a “strong-buy” rating to a “hold” rating in a report on Wednesday, March 25th. Citigroup reiterated a “buy” rating on shares of Scor in a research report on Thursday, May 7th. Finally, BNP Paribas Exane lowered Scor from an “outperform” rating to a “neutral” rating in a report on Wednesday, June 17th. Three analysts have rated the stock with a Buy rating and three have issued a Hold rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy”.
Read Our Latest Research Report on SCRYY
Scor Stock Up 2.8%
The stock has a market capitalization of $6.64 billion, a PE ratio of 6.50 and a beta of 0.58. The stock’s 50 day moving average price is $3.70 and its 200-day moving average price is $3.51.
Scor (OTCMKTS:SCRYY – Get Free Report) last released its earnings results on Wednesday, May 6th. The financial services provider reported $0.14 earnings per share for the quarter, beating analysts’ consensus estimates of $0.12 by $0.02. Scor had a net margin of 5.79% and a return on equity of 20.83%. The company had revenue of $4.49 billion for the quarter, compared to analysts’ expectations of $4.58 billion. On average, analysts forecast 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.