Scor (OTCMKTS:SCRYY) Sees Strong Trading Volume – What’s Next?

Scor SE (OTCMKTS:SCRYY) shares saw strong trading volume on Wednesday . 9,700 shares changed hands 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 Analyst Weigh In

Several equities research analysts recently issued reports on the stock. Zacks Research lowered shares of Scor from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, March 25th. Morgan Stanley reissued an “overweight” rating on shares of Scor in a research report on Thursday, May 7th. Finally, Citigroup reissued a “buy” rating on shares of Scor in a research report on Thursday, May 7th. Four analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy”.

Scor Stock Performance

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

Scor (OTCMKTS:SCRYY) last released its earnings results on Wednesday, May 6th. The financial services provider reported $0.14 earnings per share for the quarter, topping analysts’ consensus estimates of $0.12 by $0.02. The firm had revenue of $4.49 billion during the quarter, compared to analyst estimates of $4.58 billion. Scor had a net margin of 5.79% and a return on equity of 20.83%.

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.