Scor (OTCMKTS:SCRYY) Sees Unusually-High Trading Volume – Still a Buy?

Scor SE (OTCMKTS:SCRYY) saw unusually-high trading volume on Tuesday . Approximately 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 Analyst Weigh In

A number of analysts have recently weighed in on the company. BNP Paribas raised Scor from a “neutral” rating to an “outperform” rating in a research report on Monday. Royal Bank Of Canada reaffirmed an “outperform” rating on shares of Scor in a report on Tuesday, October 14th. Zacks Research raised shares of Scor from a “hold” rating to a “strong-buy” rating in a research note on Thursday, October 16th. Finally, Morgan Stanley reiterated an “overweight” rating on shares of Scor in a research report on Monday, October 13th. Two analysts have rated the stock with a Strong Buy rating, three have given a Buy rating and two have assigned a Hold rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Buy”.

Scor Stock Down 2.3%

The firm has a 50-day moving average price of $3.22 and a 200 day moving average price of $3.32. The firm has a market capitalization of $5.95 billion, a PE ratio of 6.13 and a beta of 0.59.

Scor (OTCMKTS:SCRYY) last announced its earnings results on Friday, October 31st. The financial services provider reported $0.14 EPS for the quarter, meeting analysts’ consensus estimates of $0.14. The company had revenue of $4.34 billion during the quarter, compared to analysts’ expectations of $3.75 billion. Scor had a return on equity of 20.01% and a net margin of 5.63%. Equities research analysts expect that Scor SE will post -0.01 earnings per share for the current year.

About Scor

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.