Scor (OTCMKTS:SCRYY) Shares Gap Up – What’s Next?

Shares of Scor SE (OTCMKTS:SCRYY) gapped up before the market opened on Tuesday . The stock had previously closed at $3.95, but opened at $4.12. Scor shares last traded at $4.12, with a volume of 2,130 shares changing hands.

Analyst Upgrades and Downgrades

A number of research analysts recently issued reports on SCRYY shares. UBS Group cut shares of Scor from a “hold” rating to a “sell” rating in a research report on Tuesday, August 18th. Morgan Stanley restated an “overweight” rating on shares of Scor in a report on Thursday, May 7th. BNP Paribas Exane lowered shares of Scor from an “outperform” rating to a “neutral” rating in a report on Wednesday, June 17th. Finally, Citigroup reissued a “buy” rating on shares of Scor in a research report on Thursday, May 7th. Three analysts have rated the stock with a Buy rating, three have issued a Hold rating and one has given a Sell rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Hold”.

Scor Stock Up 2.0%

The firm has a fifty day moving average price of $3.85 and a two-hundred day moving average price of $3.68. The stock has a market capitalization of $7.39 billion, a P/E ratio of 7.63 and a beta of 0.58.

Scor (OTCMKTS:SCRYY) last announced 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 net margin of 5.50% and a return on equity of 19.40%. The company had revenue of $4.17 billion for the quarter, compared to analysts’ expectations of $4.25 billion. Sell-side analysts anticipate that Scor SE will post 0.49 earnings per share for the current fiscal 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.