Scor (OTCMKTS:SCRYY) Sees Unusually-High Trading Volume – Time to Buy?

Scor SE (OTCMKTS:SCRYY) saw unusually-strong trading volume on Monday . Approximately 6,250 shares changed hands 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

SCRYY has been the subject of a number of research analyst reports. Citigroup reaffirmed a “buy” rating on shares of Scor in a report on Thursday, May 7th. BNP Paribas Exane lowered shares of Scor from an “outperform” rating to a “neutral” rating in a research report on Wednesday, June 17th. Zacks Research cut shares of Scor from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, March 25th. Finally, Morgan Stanley reiterated an “overweight” rating on shares of Scor in a report on Thursday, May 7th. Three analysts have rated the stock with a Buy rating and three have given a Hold rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy”.

Scor Stock Up 2.8%

The business has a 50 day moving average of $3.70 and a 200 day moving average of $3.51. The company has a market capitalization of $6.64 billion, a P/E ratio of 6.50 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, topping analysts’ consensus estimates of $0.12 by $0.02. The business had revenue of $4.49 billion for the quarter, compared to the consensus estimate of $4.58 billion. Scor had a return on equity of 20.83% and a net margin of 5.79%. On average, research analysts anticipate that Scor SE will post 0.49 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.