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

Scor SE (OTCMKTS:SCRYY) shares gapped down prior to trading on Friday . The stock had previously closed at $3.4125, but opened at $3.27. Scor shares last traded at $3.27, with a volume of 1,958 shares traded.

Wall Street Analyst Weigh In

A number of research analysts have issued reports on the company. Zacks Research upgraded Scor from a “hold” rating to a “strong-buy” rating in a research note on Thursday, October 16th. Morgan Stanley restated an “overweight” rating on shares of Scor in a report on Monday, October 13th. Finally, Royal Bank Of Canada reaffirmed an “outperform” rating on shares of Scor in a research report on Tuesday, October 14th. Two investment analysts have rated the stock with a Strong Buy rating, two have given a Buy rating and two have given a Hold rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Buy”.

Scor Stock Performance

The stock has a fifty day simple moving average of $3.22 and a 200 day simple moving average of $3.32. The firm has a market cap of $5.87 billion, a P/E ratio of 6.06 and a beta of 0.59.

Scor (OTCMKTS:SCRYY) last released its quarterly earnings data on Friday, October 31st. The financial services provider reported $0.14 EPS for the quarter, meeting the consensus estimate of $0.14. Scor had a return on equity of 20.01% and a net margin of 5.63%.The company had revenue of $4.34 billion for the quarter, compared to analysts’ expectations of $3.75 billion. Research analysts predict that Scor SE will post -0.01 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.