Scor (OTCMKTS:SCRYY) Shares Gap Up – Should You Buy?

Shares of Scor SE (OTCMKTS:SCRYY) gapped up before the market opened on Tuesday. The stock had previously closed at $3.65, but opened at $3.80. Scor shares last traded at $3.80, with a volume of 252 shares traded.

Analysts Set New Price Targets

Several research firms recently commented on SCRYY. BNP Paribas Exane lowered Scor from an “outperform” rating to a “neutral” rating in a report on Wednesday, June 17th. UBS Group cut Scor from a “hold” rating to a “sell” rating in a research note on Tuesday, August 18th. Two investment analysts have rated the stock with a Buy rating, three have given a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Hold”.

Scor Trading Up 3.0%

The firm’s fifty day moving average price is $3.89 and its 200-day moving average price is $3.78. The firm has a market cap of $6.75 billion, a price-to-earnings ratio of 6.96 and a beta of 0.56.

Scor (OTCMKTS:SCRYY) last announced its quarterly earnings results on Thursday, July 30th. The financial services provider reported $0.12 earnings per share for the quarter, beating analysts’ consensus estimates of $0.10 by $0.02. Scor had a net margin of 5.50% and a return on equity of 19.18%. The firm had revenue of $4.17 billion during the quarter, compared to analysts’ expectations of $4.25 billion. On average, sell-side analysts expect that Scor SE will post 0.47 earnings per share for the current year.

Scor Company Profile

SCOR SE is a France-based global reinsurance company that provides risk-transfer solutions to insurance companies and other institutional clients. Its activities are primarily organized around life and health reinsurance, as well as property and casualty reinsurance.

The company offers reinsurance covering risks such as mortality, longevity, disability, medical expenses, natural catastrophes, major industrial losses and other property and casualty exposures. SCOR also provides related services, including risk modeling, actuarial expertise and investment management for insurance-related assets.

Founded in 1970, SCOR serves clients through operations in major insurance markets across Europe, North America, Asia-Pacific and other international regions.