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

Scor SE (OTCMKTS:SCRYY)’s share price gapped down before the market opened on Wednesday. The stock had previously closed at $3.8278, but opened at $3.70. Scor shares last traded at $3.70, with a volume of 1,800 shares.

Wall Street Analyst Weigh In

SCRYY has been the subject of a number of analyst reports. BNP Paribas Exane downgraded Scor from an “outperform” rating to a “neutral” rating in a research note on Wednesday, June 17th. UBS Group lowered shares of Scor from a “hold” rating to a “sell” rating in a research note on Tuesday, August 18th. Three research analysts have rated the stock with a Buy rating, three have issued a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold”.

Scor Stock Performance

The firm has a market capitalization of $6.66 billion, a PE ratio of 6.88 and a beta of 0.57. The business’s 50 day moving average is $3.96 and its two-hundred day moving average is $3.77.

Scor (OTCMKTS:SCRYY) last posted its quarterly earnings data on Thursday, July 30th. The financial services provider reported $0.12 earnings per share for the quarter, topping the consensus estimate of $0.10 by $0.02. The company 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 19.18%. As a group, equities research analysts predict that Scor SE will post 0.49 EPS for the current year.

Scor Company Profile

SCOR SE is a France-based global reinsurance company that provides risk-transfer solutions to insurance companies and other institutional clients. Its activities are primarily organized around life and health reinsurance, as well as property and casualty reinsurance.

The company offers reinsurance covering risks such as mortality, longevity, disability, medical expenses, natural catastrophes, major industrial losses and other property and casualty exposures. SCOR also provides related services, including risk modeling, actuarial expertise and investment management for insurance-related assets.

Founded in 1970, SCOR serves clients through operations in major insurance markets across Europe, North America, Asia-Pacific and other international regions.