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

Scor SE (OTCMKTS:SCRYY) shares gapped down prior to trading on Thursday . The stock had previously closed at $3.84, but opened at $3.58. Scor shares last traded at $3.58, with a volume of 141 shares changing hands.

Analyst Ratings Changes

Several brokerages have weighed in on SCRYY. Morgan Stanley reaffirmed an “overweight” rating on shares of Scor in a research note on Thursday, May 7th. Zacks Research downgraded shares of Scor from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, March 25th. The Goldman Sachs Group cut shares of Scor from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, January 21st. Finally, Citigroup reiterated a “buy” rating on shares of Scor in a report on Thursday, May 7th. Four analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. Based on data from MarketBeat, Scor has a consensus rating of “Moderate Buy”.

Scor Trading Down 2.8%

The company has a market capitalization of $6.80 billion, a price-to-earnings ratio of 6.65 and a beta of 0.59. The stock’s fifty day simple moving average is $3.65 and its 200-day simple moving average is $3.41.

Scor (OTCMKTS:SCRYY) last posted its quarterly earnings data on Wednesday, May 6th. The financial services provider reported $0.14 earnings per share for the quarter, topping analysts’ consensus estimates of $0.12 by $0.02. The business had revenue of $4.49 billion for the quarter, compared to analyst estimates of $4.58 billion. Scor had a return on equity of 20.83% and a net margin of 5.79%. On average, analysts anticipate that Scor SE will post 0.49 EPS for the current fiscal 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.