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

Scor SE (OTCMKTS:SCRYY) shares gapped up prior to trading 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 changing hands.

Wall Street Analysts Forecast Growth

A number of research analysts have weighed in on SCRYY shares. Citigroup reaffirmed a “buy” rating on shares of Scor in a research note on Thursday, May 7th. Zacks Research downgraded shares of Scor from a “strong-buy” rating to a “hold” rating in a report on Wednesday, March 25th. Finally, Morgan Stanley reiterated an “overweight” rating on shares of Scor in a report on Thursday, May 7th. Four research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, Scor currently has a consensus rating of “Moderate Buy”.

Scor Stock Up 7.0%

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

Scor (OTCMKTS:SCRYY) last released its quarterly earnings data on Wednesday, May 6th. The financial services provider reported $0.14 EPS for the quarter, beating the consensus estimate of $0.12 by $0.02. The firm had revenue of $4.49 billion for the quarter, compared to the consensus estimate of $4.58 billion. Scor had a net margin of 5.79% and a return on equity of 20.83%. As a group, 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.