Scor (OTCMKTS:SCRYY) Trading Up 9.7% – Here’s What Happened

Scor SE (OTCMKTS:SCRYY) shares were up 9.7% on Wednesday . The stock traded as high as $3.94 and last traded at $3.94. Approximately 11,967 shares traded hands during trading, an increase of 15% from the average daily volume of 10,431 shares. The stock had previously closed at $3.59.

Analyst Upgrades and Downgrades

Several research analysts have recently weighed in on SCRYY shares. Zacks Research cut shares of Scor from a “strong-buy” rating to a “hold” rating in a report on Wednesday, March 25th. BNP Paribas Exane raised shares of Scor from a “neutral” rating to an “outperform” rating in a report on Monday, January 12th. Finally, The Goldman Sachs Group cut shares of Scor from a “strong-buy” rating to a “hold” rating in a report on Wednesday, January 21st. Three equities research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. Based on data from MarketBeat, Scor currently has a consensus rating of “Moderate Buy”.

Scor Price Performance

The firm has a market capitalization of $7.00 billion, a P/E ratio of 7.22 and a beta of 0.55. The stock’s 50-day simple moving average is $3.56 and its two-hundred day simple moving average is $3.39.

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, topping analysts’ consensus estimates of $0.13 by $0.01. The business had revenue of $5.28 billion during the quarter, compared to analyst estimates of $3.83 billion. Scor had a net margin of 5.55% and a return on equity of 19.75%. On average, analysts forecast that Scor SE will post 0.49 earnings per share 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.