Scor (OTCMKTS:SCRYY) Shares Gap Up Following Better-Than-Expected Earnings

Scor SE (OTCMKTS:SCRYY)’s stock price gapped up prior to trading on Friday following a stronger than expected earnings report. The stock had previously closed at $3.7195, but opened at $3.95. Scor shares last traded at $3.95, with a volume of 342 shares changing hands.

The financial services provider reported $0.13 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.12 by $0.01. Scor had a net margin of 5.50% and a return on equity of 19.18%.

Analyst Ratings Changes

Separately, UBS Group downgraded Scor from a “hold” rating to a “sell” rating in a report on Tuesday, August 18th. Two research analysts have rated the stock with a Buy rating, three have issued a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, Scor presently has an average rating of “Hold”.

Scor Price Performance

The stock’s fifty day simple moving average is $3.83 and its 200-day simple moving average is $3.68. The stock has a market cap of $7.09 billion, a P/E ratio of 7.31 and a beta of 0.56.

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 primarily organized around property and casualty reinsurance, as well as life and health reinsurance.

The company’s property and casualty activities cover risks such as natural catastrophes, climate-related events, specialty lines, liability, marine, aviation and other commercial exposures. Through its life and health business, SCOR supports insurers with protection, longevity, mortality and health-related reinsurance solutions.