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

Scor SE (OTCMKTS:SCRYY)’s share price gapped up before the market opened on Tuesday . The stock had previously closed at $3.95, but opened at $4.12. Scor shares last traded at $4.12, with a volume of 2,130 shares.

Wall Street Analysts Forecast Growth

SCRYY has been the subject of a number of recent research reports. Morgan Stanley reiterated an “overweight” rating on shares of Scor in a research note on Thursday, May 7th. Citigroup restated a “buy” rating on shares of Scor in a research report on Thursday, May 7th. UBS Group cut shares of Scor from a “hold” rating to a “sell” rating in a research note on Tuesday, August 18th. Finally, BNP Paribas Exane lowered shares of Scor from an “outperform” rating to a “neutral” rating in a report on Wednesday, June 17th. Three research analysts have rated the stock with a Buy rating, three have issued a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, Scor has an average rating of “Hold”.

Scor Stock Down 2.2%

The firm has a market capitalization of $7.21 billion, a PE ratio of 7.44 and a beta of 0.59. The stock has a 50-day moving average price of $3.86 and a 200 day moving average price of $3.69.

Scor (OTCMKTS:SCRYY) last announced its earnings results on Thursday, July 30th. The financial services provider reported $0.12 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.10 by $0.02. Scor had a return on equity of 19.40% and a net margin of 5.50%.The firm had revenue of $4.17 billion for the quarter, compared to analyst estimates of $4.25 billion. As a group, equities analysts predict that Scor SE will post 0.49 earnings per share for the current fiscal 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.