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

Scor SE (OTCMKTS:SCRYY) gapped up before the market opened on Thursday . The stock had previously closed at $3.61, but opened at $3.82. Scor shares last traded at $3.82, with a volume of 159 shares traded.

Wall Street Analysts Forecast Growth

SCRYY has been the subject of several research reports. Morgan Stanley reiterated an “overweight” rating on shares of Scor in a research report on Thursday, May 7th. Citigroup restated a “buy” rating on shares of Scor in a research report on Thursday, May 7th. Zacks Research lowered Scor from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, March 25th. Finally, BNP Paribas Exane cut Scor from an “outperform” rating to a “neutral” rating in a report on Wednesday, June 17th. Three analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company. Based on data from MarketBeat, Scor has a consensus rating of “Moderate Buy”.

Scor Price Performance

The stock has a market capitalization of $6.81 billion, a PE ratio of 6.66 and a beta of 0.59. The firm’s 50 day simple moving average is $3.68 and its 200 day simple moving average is $3.52.

Scor (OTCMKTS:SCRYY) last announced its quarterly earnings data on Wednesday, May 6th. The financial services provider reported $0.14 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.12 by $0.02. Scor had a net margin of 5.79% and a return on equity of 20.83%. The company had revenue of $4.49 billion during the quarter, compared to analysts’ expectations of $4.58 billion. Analysts expect that Scor SE will post 0.49 earnings per share for the current fiscal year.

About Scor

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.