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

Scor SE (OTCMKTS:SCRYY) gapped up prior to trading on Thursday . The stock had previously closed at $3.61, but opened at $3.82. Scor shares last traded at $3.82, with a volume of 159 shares changing hands.

Wall Street Analyst Weigh In

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

Scor Stock Up 2.3%

The company has a market capitalization of $6.81 billion, a PE ratio of 6.66 and a beta of 0.59. The stock’s fifty day moving average price is $3.68 and its two-hundred day moving average price is $3.52.

Scor (OTCMKTS:SCRYY) last announced its quarterly earnings results on Wednesday, May 6th. The financial services provider reported $0.14 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.12 by $0.02. The company had revenue of $4.49 billion for the quarter, compared to the consensus estimate of $4.58 billion. Scor had a return on equity of 20.83% and a net margin of 5.79%. On average, equities research analysts forecast that Scor SE will post 0.49 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.