Scor (OTCMKTS:SCRYY) Shares Gap Up – What’s Next?

Shares of Scor SE (OTCMKTS:SCRYY) gapped up prior to trading on Wednesday . The stock had previously closed at $3.26, but opened at $3.55. Scor shares last traded at $3.55, with a volume of 1,500 shares changing hands.

Analysts Set New Price Targets

SCRYY has been the subject of several recent research reports. The Goldman Sachs Group cut Scor from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, January 21st. Zacks Research cut shares of Scor from a “strong-buy” rating to a “hold” rating in a report on Wednesday, March 25th. Finally, BNP Paribas Exane upgraded shares of Scor from a “neutral” rating to an “outperform” rating in a research note on Monday, January 12th. Three investment analysts have rated the stock with a Buy rating and two have given a Hold rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy”.

Scor Stock Performance

The firm has a 50-day moving average price of $3.43 and a two-hundred day moving average price of $3.35. The firm has a market cap of $6.32 billion, a price-to-earnings ratio of 6.52 and a beta of 0.55.

Scor (OTCMKTS:SCRYY) last announced its quarterly earnings results on Wednesday, March 4th. The financial services provider reported $0.14 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.13 by $0.01. Scor had a return on equity of 20.42% and a net margin of 5.55%.The firm had revenue of $5.28 billion during the quarter, compared to the consensus estimate of $3.83 billion. Research analysts anticipate that Scor SE will post -0.01 earnings per share 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.