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

Scor SE (OTCMKTS:SCRYY)’s stock price gapped down before the market opened on Friday . The stock had previously closed at $3.87, but opened at $3.5870. Scor shares last traded at $3.5870, with a volume of 889 shares traded.

Wall Street Analyst Weigh In

SCRYY has been the subject of several research reports. Morgan Stanley restated an “overweight” rating on shares of Scor in a research note on Thursday, May 7th. Zacks Research cut shares of Scor from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, March 25th. Finally, Citigroup restated a “buy” rating on shares of Scor in a research note on Thursday, May 7th. Four analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. Based on data from MarketBeat.com, Scor has a consensus rating of “Moderate Buy”.

Scor Stock Performance

The firm’s 50 day simple moving average is $3.68 and its 200 day simple moving average is $3.44. The firm has a market capitalization of $6.28 billion, a price-to-earnings ratio of 6.14 and a beta of 0.59.

Scor (OTCMKTS:SCRYY) last announced its quarterly earnings data on Wednesday, May 6th. The financial services provider reported $0.14 EPS for the quarter, beating the consensus estimate of $0.12 by $0.02. Scor had a net margin of 5.79% and a return on equity of 20.83%. The business had revenue of $4.49 billion during the quarter, compared to analysts’ expectations of $4.58 billion. As a group, sell-side analysts forecast that Scor SE will post 0.49 earnings per share 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.