Scor (OTCMKTS:SCRYY) Shares Gap Down – Here’s What Happened

Scor SE (OTCMKTS:SCRYY)’s share price gapped down before the market opened on Thursday . The stock had previously closed at $3.25, but opened at $3.09. Scor shares last traded at $3.26, with a volume of 5,628 shares.

Wall Street Analysts Forecast Growth

A number of equities analysts have issued reports on the stock. Zacks Research raised shares of Scor from a “hold” rating to a “strong-buy” rating in a research report on Thursday, October 16th. Royal Bank Of Canada reissued an “outperform” rating on shares of Scor in a report on Tuesday, October 14th. The Goldman Sachs Group downgraded shares of Scor from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, January 21st. BNP Paribas Exane raised Scor from a “neutral” rating to an “outperform” rating in a research report on Monday, January 12th. Finally, Morgan Stanley reissued an “overweight” rating on shares of Scor in a report on Monday, October 13th. One research analyst has rated the stock with a Strong Buy rating, three have given a Buy rating and two have issued a Hold rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy”.

Scor Stock Performance

The stock has a market cap of $5.85 billion, a PE ratio of 6.04 and a beta of 0.59. The company has a 50 day moving average of $3.25 and a two-hundred day moving average of $3.32.

Scor (OTCMKTS:SCRYY) last posted its quarterly earnings data on Friday, October 31st. The financial services provider reported $0.14 EPS for the quarter, meeting analysts’ consensus estimates of $0.14. The business had revenue of $4.34 billion during the quarter, compared to analysts’ expectations of $3.75 billion. Scor had a return on equity of 20.01% and a net margin of 5.63%. As a group, equities research analysts anticipate that Scor SE will post -0.01 EPS for the current year.

About Scor

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.