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

Scor SE (OTCMKTS:SCRYY) shares saw strong trading volume on Monday . 50,612 shares were traded during mid-day trading, an increase of 369% from the previous session’s volume of 10,785 shares.The stock last traded at $3.58 and had previously closed at $3.63.

Wall Street Analysts Forecast Growth

Several research firms have recently commented on SCRYY. The Goldman Sachs Group cut shares of Scor from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, January 21st. BNP Paribas Exane upgraded shares of Scor from a “neutral” rating to an “outperform” rating in a research note on Monday, January 12th. One investment analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating and two have given a Hold rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy”.

Scor Stock Down 2.5%

The company has a market cap of $6.35 billion, a price-to-earnings ratio of 6.56 and a beta of 0.55. The business has a fifty day simple moving average of $3.40 and a 200 day simple moving average of $3.34.

Scor (OTCMKTS:SCRYY) last posted its quarterly earnings results on Wednesday, March 4th. The financial services provider reported $0.14 earnings per share for the quarter, topping analysts’ consensus estimates of $0.13 by $0.01. The business had revenue of $5.28 billion for the quarter, compared to analysts’ expectations of $3.83 billion. Scor had a net margin of 5.55% and a return on equity of 20.42%. Equities analysts anticipate that Scor SE will post -0.01 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.