Scor (OTCMKTS:SCRYY) Sets New 52-Week High - Time to Buy?

Key Points

• Shares hit a new 52-week high — SCRYY traded as high as $3.75 (prior close $3.5640); the 50‑day and 200‑day moving averages are $3.45 and $3.36, and market cap is about $6.73 billion.
• Analyst sentiment is mixed but mildly positive — three Buy ratings and two Holds produce a consensus of "Moderate Buy," with recent downgrades from Goldman Sachs and Zacks and an upgrade from BNP Paribas Exane.
• Quarterly results topped estimates but forward outlook is weak — Q results showed EPS $0.14 vs $0.13 expected and revenue $5.28B vs $3.83B expected, yet analysts forecast -$0.01 EPS for the current fiscal year.

Shares of Scor SE (OTCMKTS:SCRYY - Get Free Report) hit a new 52-week high during mid-day trading on Wednesday . The company traded as high as $3.75 and last traded at $3.75, with a volume of 17591 shares changing hands. The stock had previously closed at $3.5640.

Analyst Ratings Changes

SCRYY has been the topic of a number of recent research reports. The Goldman Sachs Group cut shares of Scor from a "strong-buy" rating to a "hold" rating in a research note on Wednesday, January 21st. BNP Paribas Exane raised shares of Scor from a "neutral" rating to an "outperform" rating in a research note on Monday, January 12th. Finally, Zacks Research cut shares of 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 two have given a Hold rating to the company's stock. Based on data from MarketBeat, Scor currently has a consensus rating of "Moderate Buy".

Scor Price Performance

The business's 50-day moving average price is $3.45 and its two-hundred day moving average price is $3.36. The company has a market capitalization of $6.73 billion, a P/E ratio of 6.94 and a beta of 0.55.

Scor (OTCMKTS:SCRYY - Get Free Report) last announced its quarterly earnings results on Wednesday, March 4th. The financial services provider reported $0.14 earnings per share for the quarter, topping analysts' consensus estimates of $0.13 by $0.01. The company had revenue of $5.28 billion for the quarter, compared to analysts' expectations of $3.83 billion. Scor had a net margin of 5.55% and a return on equity of 20.42%. Research analysts expect that Scor SE will post -0.01 earnings per share for the current fiscal 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.

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