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

Shares of Scor SE (OTCMKTS:SCRYY) gapped up before the market opened on Friday . The stock had previously closed at $3.58, but opened at $3.7133. Scor shares last traded at $3.6660, with a volume of 615 shares trading hands.

Analyst Upgrades and Downgrades

Several analysts recently issued reports on the stock. Citigroup reaffirmed a “buy” rating on shares of Scor in a report on Thursday, May 7th. Morgan Stanley restated an “overweight” rating on shares of Scor in a report on Thursday, May 7th. BNP Paribas Exane downgraded Scor from an “outperform” rating to a “neutral” rating in a research note on Wednesday, June 17th. Finally, Zacks Research lowered Scor from a “strong-buy” rating to a “hold” rating in a report on Wednesday, March 25th. Three equities research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company. According to data from MarketBeat, the company has an average rating of “Moderate Buy”.

Scor Stock Up 0.8%

The firm has a market capitalization of $6.46 billion, a price-to-earnings ratio of 6.32 and a beta of 0.58. The business has a 50-day moving average of $3.70 and a two-hundred day moving average of $3.51.

Scor (OTCMKTS:SCRYY) last announced its quarterly earnings data on Wednesday, May 6th. The financial services provider reported $0.14 EPS for the quarter, topping analysts’ consensus estimates of $0.12 by $0.02. The company had revenue of $4.49 billion during the quarter, compared to the consensus estimate of $4.58 billion. Scor had a return on equity of 20.83% and a net margin of 5.79%. Equities analysts predict that Scor SE will post 0.49 EPS 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.