Scor (OTCMKTS:SCRYY) Shares Gap Up – Still a Buy?

Scor SE (OTCMKTS:SCRYY) shares gapped up prior to trading on Friday . The stock had previously closed at $3.58, but opened at $3.7133. Scor shares last traded at $3.6660, with a volume of 615 shares trading hands.

Wall Street Analysts Forecast Growth

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

Scor Price Performance

The stock’s fifty day simple moving average is $3.70 and its 200-day simple moving average is $3.51. The firm has a market cap of $6.46 billion, a PE ratio of 6.32 and a beta of 0.58.

Scor (OTCMKTS:SCRYY) last announced its quarterly earnings data on Wednesday, May 6th. The financial services provider reported $0.14 earnings per share for the quarter, beating analysts’ consensus estimates of $0.12 by $0.02. The firm 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%. Analysts expect 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.