Scor (OTCMKTS:SCRYY) Reaches New 12-Month High After Better-Than-Expected Earnings

Scor SE (OTCMKTS:SCRYY) shares hit a new 52-week high during trading on Thursday following a better than expected earnings announcement. The stock traded as high as $4.04 and last traded at $4.03, with a volume of 3219 shares traded. The stock had previously closed at $3.9170.

The financial services provider reported $0.12 earnings per share for the quarter, topping analysts’ consensus estimates of $0.10 by $0.02. Scor had a return on equity of 20.83% and a net margin of 5.79%.

Wall Street Analyst Weigh In

SCRYY has been the topic of several recent research reports. Morgan Stanley reiterated an “overweight” rating on shares of Scor in a research report on Thursday, May 7th. Citigroup restated a “buy” rating on shares of Scor in a research note on Thursday, May 7th. Finally, BNP Paribas Exane lowered shares of Scor from an “outperform” rating to a “neutral” rating in a research report on Wednesday, June 17th. Three analysts have rated the stock with a Buy rating and three have given a Hold rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy”.

Scor Trading Up 2.9%

The stock has a market cap of $7.23 billion, a P/E ratio of 7.07 and a beta of 0.59. The stock has a 50 day simple moving average of $3.71 and a 200 day simple moving average of $3.59.

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.