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

Scor SE (OTCMKTS:SCRYY)’s share price gapped up before the market opened on Thursday . The stock had previously closed at $3.58, but opened at $3.83. Scor shares last traded at $3.83, with a volume of 200 shares.

Analyst Ratings Changes

Several research analysts recently weighed in on the stock. Morgan Stanley reissued an “overweight” rating on shares of Scor in a research note on Thursday, May 7th. Zacks Research lowered shares of Scor from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, March 25th. Finally, Citigroup reissued a “buy” rating on shares of Scor in a report on Thursday, May 7th. Four investment analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. According to data from MarketBeat.com, Scor currently has a consensus rating of “Moderate Buy”.

Scor Trading Up 7.0%

The company has a market cap of $6.87 billion, a price-to-earnings ratio of 6.72 and a beta of 0.59. The firm’s fifty day moving average price is $3.68 and its 200-day moving average price is $3.43.

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 the consensus estimate of $0.12 by $0.02. Scor had a net margin of 5.79% and a return on equity of 20.83%. The company had revenue of $4.49 billion during the quarter, compared to analyst estimates of $4.58 billion. As a group, research analysts anticipate 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.