Scor (OTCMKTS:SCRYY) Shares Down 5.9% – Here’s Why

Scor SE (OTCMKTS:SCRYY) traded down 5.9% during trading on Thursday. The company traded as low as $3.4725 and last traded at $3.5175. Approximately 1,628 shares changed hands during trading, a decline of 81% from the average daily volume of 8,563 shares. The stock had previously closed at $3.74.

Analyst Upgrades and Downgrades

Several equities research analysts recently issued reports on SCRYY shares. BNP Paribas Exane downgraded shares of Scor from an “outperform” rating to a “neutral” rating in a research note on Wednesday, June 17th. UBS Group cut shares of Scor from a “hold” rating to a “sell” rating in a report on Tuesday, August 18th. 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 stock. According to data from MarketBeat.com, the stock has a consensus rating of “Hold”.

Scor Trading Down 6.5%

The stock has a market cap of $6.27 billion, a P/E ratio of 6.48 and a beta of 0.57. The firm’s 50-day simple moving average is $3.96 and its 200 day simple moving average is $3.77.

Scor (OTCMKTS:SCRYY) last announced its earnings results on Thursday, July 30th. The financial services provider reported $0.12 earnings per share for the quarter, beating the consensus estimate of $0.10 by $0.02. Scor had a return on equity of 19.18% and a net margin of 5.50%.The firm had revenue of $4.17 billion for the quarter, compared to the consensus estimate of $4.25 billion. On average, analysts anticipate that Scor SE will post 0.49 EPS for the current 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 activities are primarily organized around life and health reinsurance, as well as property and casualty reinsurance.

The company offers reinsurance covering risks such as mortality, longevity, disability, medical expenses, natural catastrophes, major industrial losses and other property and casualty exposures. SCOR also provides related services, including risk modeling, actuarial expertise and investment management for insurance-related assets.

Founded in 1970, SCOR serves clients through operations in major insurance markets across Europe, North America, Asia-Pacific and other international regions.