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

Shares of Scor SE (OTCMKTS:SCRYY) gapped down prior to trading on Friday . The stock had previously closed at $3.4125, but opened at $3.27. Scor shares last traded at $3.27, with a volume of 1,958 shares trading hands.

Analysts Set New Price Targets

A number of research analysts have weighed in on the company. Morgan Stanley reissued an “overweight” rating on shares of Scor in a research note on Monday, October 13th. Royal Bank Of Canada reiterated an “outperform” rating on shares of Scor in a research report on Tuesday, October 14th. Finally, Zacks Research raised shares of Scor from a “hold” rating to a “strong-buy” rating in a research note on Thursday, October 16th. Two equities research analysts have rated the stock with a Strong Buy rating, two have given a Buy rating and two have assigned a Hold rating to the stock. According to data from MarketBeat.com, Scor has an average rating of “Buy”.

Scor Trading Down 0.3%

The stock has a market capitalization of $6.05 billion, a PE ratio of 6.24 and a beta of 0.59. The business’s 50-day moving average is $3.23 and its two-hundred day moving average is $3.32.

Scor (OTCMKTS:SCRYY) last issued its quarterly earnings data on Friday, October 31st. The financial services provider reported $0.14 EPS for the quarter, hitting analysts’ consensus estimates of $0.14. The company had revenue of $4.34 billion for 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%. On average, analysts predict 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.