Scor (OTCMKTS:SCRYY) Shares Down 4.7% – What’s Next?

Scor SE (OTCMKTS:SCRYY) shares dropped 4.7% on Wednesday . The company traded as low as $3.81 and last traded at $3.81. Approximately 2,024 shares changed hands during mid-day trading, a decline of 77% from the average daily volume of 8,859 shares. The stock had previously closed at $4.00.

Wall Street Analysts Forecast Growth

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

Scor Trading Down 4.7%

The stock has a 50 day simple moving average of $3.95 and a 200-day simple moving average of $3.75. The firm has a market cap of $6.83 billion, a P/E ratio of 7.06 and a beta of 0.57.

Scor (OTCMKTS:SCRYY) last posted its earnings results on Thursday, July 30th. The financial services provider reported $0.12 earnings per share for the quarter, beating analysts’ consensus estimates of $0.10 by $0.02. The firm had revenue of $4.17 billion during the quarter, compared to analyst estimates of $4.25 billion. Scor had a net margin of 5.50% and a return on equity of 19.18%. As a group, equities analysts forecast that Scor SE will post 0.49 earnings per share for the current fiscal year.

About Scor

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

Through its property and casualty operations, SCOR offers coverage for risks including natural catastrophes, specialty lines, commercial property, liability, motor and other insurance exposures. Its life and health activities support insurers with solutions related to mortality, longevity, disability, medical and other protection risks, as well as financial and capital-management needs.

SCOR serves clients across major insurance markets in Europe, North and South America, and the Asia-Pacific region.