Scor (OTCMKTS:SCRYY) Sets New 1-Year High – Here’s What Happened

Shares of Scor SE (OTCMKTS:SCRYY) hit a new 52-week high during mid-day trading on Thursday . The company traded as high as $4.12 and last traded at $4.12, with a volume of 335 shares changing hands. The stock had previously closed at $4.0050.

Analyst Upgrades and Downgrades

Several brokerages recently issued reports on SCRYY. BNP Paribas Exane downgraded shares of Scor from an “outperform” rating to a “neutral” rating in a research note on Wednesday, June 17th. Citigroup reissued a “buy” rating on shares of Scor in a research report on Thursday, May 7th. Finally, Morgan Stanley reaffirmed an “overweight” rating on shares of Scor in a research report on Thursday, May 7th. Three investment analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy”.

Scor Stock Performance

The firm has a market cap of $7.39 billion, a P/E ratio of 7.63 and a beta of 0.59. The firm’s fifty day moving average is $3.74 and its 200 day moving average is $3.61.

Scor (OTCMKTS:SCRYY) last released its quarterly earnings results on Thursday, July 30th. The financial services provider reported $0.12 earnings per share for the quarter, beating the consensus estimate of $0.10 by $0.02. The firm had revenue of $4.17 billion for the quarter, compared to analysts’ expectations of $4.25 billion. Scor had a net margin of 5.50% and a return on equity of 19.40%. As a group, equities research analysts forecast that Scor SE will post 0.47 EPS for the current 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.