Scor (OTCMKTS:SCRYY) Trading Down 6.9% – Here’s What Happened

Scor SE (OTCMKTS:SCRYY) shares dropped 6.9% on Tuesday . The company traded as low as $3.59 and last traded at $3.59. Approximately 845 shares changed hands during mid-day trading, a decline of 92% from the average daily volume of 10,556 shares. The stock had previously closed at $3.8555.

Analyst Ratings Changes

SCRYY has been the topic of several recent analyst reports. Zacks Research downgraded Scor from a “strong-buy” rating to a “hold” rating in a report on Wednesday, March 25th. The Goldman Sachs Group downgraded shares of Scor from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, January 21st. Finally, BNP Paribas Exane upgraded shares of Scor from a “neutral” rating to an “outperform” rating in a report on Monday, January 12th. Three equities research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy”.

Scor Stock Up 2.9%

The firm has a market cap of $6.96 billion, a price-to-earnings ratio of 7.19 and a beta of 0.55. The company has a 50-day moving average price of $3.55 and a 200 day moving average price of $3.38.

Scor (OTCMKTS:SCRYY) last posted its quarterly earnings results on Wednesday, March 4th. The financial services provider reported $0.14 earnings per share for the quarter, beating the consensus estimate of $0.13 by $0.01. The firm had revenue of $5.28 billion for the quarter, compared to analyst estimates of $3.83 billion. Scor had a return on equity of 19.75% and a net margin of 5.55%. Equities analysts forecast that Scor SE will post 0.49 EPS 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.