Scor (OTCMKTS:SCRYY) Shares Down 4.7% – Here’s Why

Shares of Scor SE (OTCMKTS:SCRYY) traded down 4.7% during trading on Wednesday . The company traded as low as $3.81 and last traded at $3.81. Approximately 2,024 shares were traded during trading, a decline of 77% from the average session volume of 8,859 shares. The stock had previously closed at $4.00.

Analysts Set New Price Targets

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

Scor Trading Up 0.5%

The firm has a market capitalization of $6.85 billion, a PE ratio of 7.07 and a beta of 0.57. The business has a fifty day moving average price of $3.95 and a two-hundred day moving average price of $3.75.

Scor (OTCMKTS:SCRYY) last issued its quarterly earnings data on Thursday, July 30th. The financial services provider reported $0.12 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.10 by $0.02. Scor had a net margin of 5.50% and a return on equity of 19.18%. The firm had revenue of $4.17 billion for the quarter, compared to analyst estimates of $4.25 billion. On average, equities analysts forecast that Scor SE will post 0.49 earnings per share for the current fiscal year.

Scor Company Profile

SCOR SE is a France-based global reinsurance company that provides risk-transfer solutions to insurance companies and other institutional clients. Its business is organized primarily around two areas: property and casualty reinsurance, and life and health reinsurance.

Through its property and casualty operations, SCOR offers coverage for risks including natural catastrophes, specialty lines, commercial property, liability, motor and other insurance exposures. Its life and health activities support insurers with solutions related to mortality, longevity, disability, medical and other protection risks, as well as financial and capital-management needs.

SCOR serves clients across major insurance markets in Europe, North and South America, and the Asia-Pacific region.