Scor (OTCMKTS:SCRYY) Stock Price Down 6.5% – Should You Sell?

Scor SE (OTCMKTS:SCRYY)’s share price traded down 6.5% on Wednesday . The stock traded as low as $3.87 and last traded at $3.87. Approximately 1,376 shares were traded during trading, a decline of 85% from the average daily volume of 9,044 shares. The stock had previously closed at $4.14.

Wall Street Analyst Weigh In

Several equities research analysts have recently commented on SCRYY shares. BNP Paribas Exane lowered Scor from an “outperform” rating to a “neutral” rating in a research note on Wednesday, June 17th. UBS Group lowered Scor from a “hold” rating to a “sell” rating in a report on Tuesday, August 18th. Three research analysts have rated the stock with a Buy rating, three have assigned a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Hold”.

Scor Stock Performance

The company’s 50-day moving average price is $3.93 and its 200 day moving average price is $3.73. The stock has a market capitalization of $6.90 billion, a P/E ratio of 7.13 and a beta of 0.57.

Scor (OTCMKTS:SCRYY) last issued its quarterly earnings results on Thursday, July 30th. The financial services provider reported $0.12 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.10 by $0.02. Scor had a return on equity of 19.18% and a net margin of 5.50%.The business had revenue of $4.17 billion during the quarter, compared to analyst estimates of $4.25 billion. Analysts predict that Scor SE will post 0.49 earnings per share for the current 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.