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

Scor SE (OTCMKTS:SCRYY)’s share price gapped up before the market opened on Thursday . The stock had previously closed at $3.5230, but opened at $3.62. Scor shares last traded at $3.53, with a volume of 3,170 shares trading hands.

Wall Street Analyst Weigh In

SCRYY has been the subject of a number of analyst reports. BNP Paribas Exane upgraded shares of Scor from a “neutral” rating to an “outperform” rating in a research note on Monday, January 12th. The Goldman Sachs Group downgraded Scor from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, January 21st. One equities research analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating and two have given a Hold rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy”.

Scor Trading Up 1.3%

The firm’s 50 day simple moving average is $3.38 and its 200-day simple moving average is $3.33. The stock has a market capitalization of $6.41 billion, a price-to-earnings ratio of 6.61 and a beta of 0.55.

Scor (OTCMKTS:SCRYY) last announced its quarterly earnings data on Wednesday, March 4th. The financial services provider reported $0.14 earnings per share for the quarter, beating the consensus estimate of $0.13 by $0.01. Scor had a return on equity of 20.42% and a net margin of 5.55%.The company had revenue of $5.28 billion during the quarter, compared to analysts’ expectations of $3.83 billion. As a group, equities research analysts predict that Scor SE will post -0.01 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.