Scor (OTCMKTS:SCRYY) Sees Large Volume Increase – Here’s Why

Scor SE (OTCMKTS:SCRYY) shares saw unusually-high trading volume on Wednesday . Approximately 9,700 shares were traded during mid-day trading, an increase of 1% from the previous session’s volume of 9,563 shares.The stock last traded at $3.77 and had previously closed at $3.64.

Analysts Set New Price Targets

A number of research firms have commented on SCRYY. Citigroup reaffirmed a “buy” rating on shares of Scor in a report on Thursday, May 7th. Morgan Stanley reissued an “overweight” rating on shares of Scor in a research note on Thursday, May 7th. BNP Paribas Exane lowered Scor from an “outperform” rating to a “neutral” rating in a research report on Wednesday. Finally, Zacks Research lowered Scor from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, March 25th. Three analysts have rated the stock with a Buy rating and three have issued a Hold rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy”.

Scor Trading Up 5.5%

The company has a market capitalization of $6.85 billion, a P/E ratio of 6.70 and a beta of 0.58. The business has a 50 day moving average price of $3.71 and a 200 day moving average price of $3.49.

Scor (OTCMKTS:SCRYY) last released its quarterly earnings data on Wednesday, May 6th. The financial services provider reported $0.14 earnings per share for the quarter, topping the consensus estimate of $0.12 by $0.02. The business had revenue of $4.49 billion for the quarter, compared to analyst estimates of $4.58 billion. Scor had a net margin of 5.79% and a return on equity of 20.83%. On average, analysts forecast that Scor SE will post 0.49 EPS for the current fiscal 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.