Scor (OTCMKTS:SCRYY) Shares Gap Down – Here’s Why

Scor SE (OTCMKTS:SCRYY) gapped down before the market opened on Monday . The stock had previously closed at $3.74, but opened at $3.50. Scor shares last traded at $3.50, with a volume of 502 shares.

Analysts Set New Price Targets

Several brokerages have recently issued reports on SCRYY. Zacks Research lowered Scor from a “strong-buy” rating to a “hold” rating in a report on Wednesday, March 25th. BNP Paribas Exane upgraded Scor from a “neutral” rating to an “outperform” rating in a report on Monday, January 12th. Finally, The Goldman Sachs Group lowered Scor from a “strong-buy” rating to a “hold” rating in a report on Wednesday, January 21st. Three research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy”.

Scor Trading Up 6.4%

The firm has a market capitalization of $6.73 billion, a price-to-earnings ratio of 6.94 and a beta of 0.59. The company has a fifty day moving average price of $3.60 and a 200-day moving average price of $3.39.

Scor (OTCMKTS:SCRYY) last announced its quarterly earnings results on Wednesday, May 6th. The financial services provider reported $0.14 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.12 by $0.02. Scor had a return on equity of 19.75% and a net margin of 5.55%. As a group, sell-side analysts predict that Scor SE will post 0.49 EPS for the current fiscal 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.