Scor (OTCMKTS:SCRYY) Shares Gap Up – Here’s What Happened
by Teresa Graham · The Cerbat GemScor SE (OTCMKTS:SCRYY – Get Free Report)’s share price gapped up prior to trading on Tuesday . The stock had previously closed at $3.24, but opened at $3.3825. Scor shares last traded at $3.3850, with a volume of 2,437 shares changing hands.
Wall Street Analyst Weigh In
SCRYY has been the topic of several research reports. Zacks Research upgraded Scor from a “hold” rating to a “strong-buy” rating in a research note on Thursday, October 16th. Morgan Stanley restated an “overweight” rating on shares of Scor in a research note on Monday, October 13th. Finally, Royal Bank Of Canada reiterated an “outperform” rating on shares of Scor in a research report on Tuesday, October 14th. Two research analysts have rated the stock with a Strong Buy rating, two have assigned a Buy rating and two have assigned a Hold rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Buy”.
Read Our Latest Stock Analysis on Scor
Scor Stock Performance
The company has a market capitalization of $6.08 billion, a P/E ratio of 6.27 and a beta of 0.58. The company’s fifty day simple moving average is $3.23 and its 200-day simple moving average is $3.31.
Scor (OTCMKTS:SCRYY – Get Free Report) last released its earnings results on Friday, October 31st. The financial services provider reported $0.14 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.14. The firm had revenue of $4.34 billion for the quarter, compared to the consensus estimate of $3.75 billion. Scor had a return on equity of 20.01% and a net margin of 5.63%. On average, sell-side analysts predict that Scor SE will post -0.01 EPS for the current 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.