Scor (OTCMKTS:SCRYY) Sees Large Volume Increase – Still a Buy?

Scor SE (OTCMKTS:SCRYY) shares saw unusually-high trading volume on Monday . 5,511 shares changed hands during mid-day trading, a decline of 45% from the previous session’s volume of 9,964 shares.The stock last traded at $3.7640 and had previously closed at $3.71.

Analyst Ratings Changes

SCRYY has been the subject of several recent analyst reports. Morgan Stanley restated an “overweight” rating on shares of Scor in a research note on Thursday, May 7th. Zacks Research cut shares of Scor from a “strong-buy” rating to a “hold” rating in a report on Wednesday, March 25th. Citigroup restated a “buy” rating on shares of Scor in a research report on Thursday, May 7th. Finally, BNP Paribas Exane lowered Scor from an “outperform” rating to a “neutral” rating in a report on Wednesday, June 17th. Three equities research 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, Scor has an average rating of “Moderate Buy”.

Scor Price Performance

The stock has a market cap of $6.57 billion, a price-to-earnings ratio of 6.42 and a beta of 0.59. The company’s 50 day moving average is $3.68 and its 200 day moving average is $3.54.

Scor (OTCMKTS:SCRYY) last issued its earnings results on Wednesday, May 6th. The financial services provider reported $0.14 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.12 by $0.02. The company had revenue of $4.49 billion during the quarter, compared to analysts’ expectations of $4.58 billion. Scor had a net margin of 5.79% and a return on equity of 20.83%. Sell-side analysts predict that Scor SE will post 0.49 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.