Scor (OTCMKTS:SCRYY) Sees Strong Trading Volume – What’s Next?

Scor SE (OTCMKTS:SCRYY) shares saw strong trading volume on Monday . 6,250 shares changed hands during trading, a decline of 35% from the previous session’s volume of 9,592 shares.The stock last traded at $3.62 and had previously closed at $3.57.

Analysts Set New Price Targets

A number of brokerages have recently issued reports on SCRYY. BNP Paribas Exane cut shares of Scor from an “outperform” rating to a “neutral” rating in a research report on Wednesday, June 17th. Citigroup reiterated a “buy” rating on shares of Scor in a research note on Thursday, May 7th. Zacks Research downgraded shares of Scor from a “strong-buy” rating to a “hold” rating in a report on Wednesday, March 25th. Finally, Morgan Stanley restated an “overweight” rating on shares of Scor in a research report on Thursday, May 7th. Three research analysts have rated the stock with a Buy rating and three have given a Hold rating to the company. According to MarketBeat, the company has an average rating of “Moderate Buy”.

Scor Stock Performance

The company has a fifty day simple moving average of $3.69 and a two-hundred day simple moving average of $3.52. The stock has a market capitalization of $6.48 billion, a price-to-earnings ratio of 6.33 and a beta of 0.58.

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