Scor (OTCMKTS:SCRYY) Shares Up 9.7% – Still a Buy?

Shares of Scor SE (OTCMKTS:SCRYY) traded up 9.7% during trading on Wednesday . The stock traded as high as $3.94 and last traded at $3.94. 11,967 shares traded hands during trading, an increase of 15% from the average session volume of 10,431 shares. The stock had previously closed at $3.59.

Wall Street Analysts Forecast Growth

Several analysts have recently commented on the stock. The Goldman Sachs Group downgraded shares of Scor from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, January 21st. BNP Paribas Exane raised shares of Scor from a “neutral” rating to an “outperform” rating in a research report on Monday, January 12th. Finally, Zacks Research downgraded shares of Scor from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, March 25th. Three research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. According to data from MarketBeat.com, Scor presently has a consensus rating of “Moderate Buy”.

Scor Trading Up 5.2%

The firm’s 50-day moving average is $3.54 and its 200-day moving average is $3.38. The firm has a market cap of $6.78 billion, a price-to-earnings ratio of 6.99 and a beta of 0.55.

Scor (OTCMKTS:SCRYY) last posted its quarterly earnings results on Wednesday, March 4th. The financial services provider reported $0.14 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.13 by $0.01. Scor had a net margin of 5.55% and a return on equity of 19.75%. The business had revenue of $5.28 billion during the quarter, compared to the consensus estimate of $3.83 billion. Analysts forecast that Scor SE will post 0.49 EPS for the current fiscal 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.