Scor (OTCMKTS:SCRYY) Stock Price Down 5.5% – Here’s Why

Scor SE (OTCMKTS:SCRYY) traded down 5.5% during trading on Friday . The company traded as low as $3.58 and last traded at $3.58. 545 shares changed hands during trading, a decline of 95% from the average session volume of 10,231 shares. The stock had previously closed at $3.79.

Wall Street Analysts Forecast Growth

A number of research analysts have recently commented on the company. Citigroup reaffirmed a “buy” rating on shares of Scor in a research report on Thursday, May 7th. Zacks Research cut Scor from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, March 25th. Finally, Morgan Stanley reaffirmed an “overweight” rating on shares of Scor in a research 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 stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy”.

Scor Stock Down 5.5%

The company has a 50-day moving average price of $3.66 and a two-hundred day moving average price of $3.42. The stock has a market capitalization of $6.42 billion, a P/E ratio of 6.28 and a beta of 0.59.

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

Scor Company Profile

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.