Scor (OTCMKTS:SCRYY) Shares Gap Up – Here’s What Happened

Scor SE (OTCMKTS:SCRYY)’s share price gapped up prior to trading on Tuesday . The stock had previously closed at $2.9950, but opened at $3.1288. Scor shares last traded at $3.1288, with a volume of 2,506 shares changing hands.

Analysts Set New Price Targets

A number of research analysts have commented on the company. Zacks Research upgraded Scor from a “hold” rating to a “strong-buy” rating in a research report on Thursday, October 16th. Royal Bank Of Canada reaffirmed an “outperform” rating on shares of Scor in a research note on Tuesday, October 14th. Finally, Morgan Stanley reiterated an “overweight” rating on shares of Scor in a research report on Monday, October 13th. Two research analysts have rated the stock with a Strong Buy rating, two have given a Buy rating and two have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Buy”.

Scor Trading Up 2.6%

The company has a 50 day moving average of $3.38 and a 200 day moving average of $3.32. The firm has a market cap of $5.73 billion, a price-to-earnings ratio of 9.67 and a beta of 0.83.

Scor (OTCMKTS:SCRYY) last announced its quarterly earnings results on Friday, October 31st. The financial services provider reported $0.14 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.14. Scor had a return on equity of 11.92% and a net margin of 3.41%.The company had revenue of $4.34 billion during the quarter, compared to the consensus estimate of $3.75 billion. Equities analysts forecast that Scor SE will post -0.01 EPS for the current fiscal year.

Scor Company Profile

SCOR SE, together with its subsidiaries, provides life and non-life reinsurance products in Europe, the Middle East, Africa, the Americas, Latin America, and Asia Pacific. It operates in two segments, SCOR P&C and SCOR L&H. The SCOR P&C segment offers reinsurance products in the areas of property, motors, casualty treaties, credit and surety, decennial insurance, aviation, marine and energy, engineering, agricultural risks, and property catastrophes; specialties insurance products, including business solutions, political and credit risks, cyber, and environmental liability; and business ventures and partnerships.