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

Scor SE (OTCMKTS:SCRYY)’s stock price gapped down prior to trading on Tuesday . The stock had previously closed at $3.54, but opened at $3.24. Scor shares last traded at $3.48, with a volume of 4,920 shares changing hands.

Wall Street Analysts Forecast Growth

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

Scor Trading Down 2.8%

The stock has a 50-day moving average price of $3.40 and a two-hundred day moving average price of $3.34. The stock has a market cap of $6.18 billion, a price-to-earnings ratio of 6.37 and a beta of 0.55.

Scor (OTCMKTS:SCRYY) last released its quarterly earnings results on Wednesday, March 4th. The financial services provider reported $0.14 EPS for the quarter, beating analysts’ consensus estimates of $0.13 by $0.01. The company had revenue of $5.28 billion during the quarter, compared to analysts’ expectations of $3.83 billion. Scor had a return on equity of 20.42% and a net margin of 5.55%. Research analysts predict 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.