Scor (OTCMKTS:SCRYY) Shares Gap Up – What’s Next?

Shares of Scor SE (OTCMKTS:SCRYY) gapped up prior to trading on Friday . The stock had previously closed at $3.58, but opened at $3.7133. Scor shares last traded at $3.6660, with a volume of 615 shares changing hands.

Wall Street Analyst Weigh In

Several research firms recently commented on SCRYY. BNP Paribas Exane downgraded Scor from an “outperform” rating to a “neutral” rating in a research report on Wednesday, June 17th. Zacks Research cut Scor from a “strong-buy” rating to a “hold” rating in a report on Wednesday, March 25th. Morgan Stanley reiterated an “overweight” rating on shares of Scor in a research report on Thursday, May 7th. Finally, Citigroup reissued a “buy” rating on shares of Scor in a report on Thursday, May 7th. Three analysts have rated the stock with a Buy rating and three have issued a Hold rating to the stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy”.

Scor Price Performance

The stock’s 50 day simple moving average is $3.70 and its two-hundred day simple moving average is $3.51. The company has a market capitalization of $6.46 billion, a P/E ratio of 6.32 and a beta of 0.58.

Scor (OTCMKTS:SCRYY) last announced its quarterly earnings data on Wednesday, May 6th. The financial services provider reported $0.14 earnings per share for the quarter, topping the consensus estimate of $0.12 by $0.02. Scor had a return on equity of 20.83% and a net margin of 5.79%.The firm had revenue of $4.49 billion during the quarter, compared to analysts’ expectations of $4.58 billion. As a group, equities research analysts expect 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.