Scor (OTCMKTS:SCRYY) Shares Gap Up – What’s Next?
by Mitch Edgeman · The Markets DailyScor SE (OTCMKTS:SCRYY – Get Free Report) gapped up before the market opened on Wednesday . The stock had previously closed at $3.26, but opened at $3.55. Scor shares last traded at $3.55, with a volume of 1,500 shares changing hands.
Wall Street Analyst Weigh In
SCRYY has been the subject of several recent research reports. The Goldman Sachs Group lowered shares of Scor from a “strong-buy” rating to a “hold” rating in a report on Wednesday, January 21st. BNP Paribas Exane upgraded Scor from a “neutral” rating to an “outperform” rating in a research note on Monday, January 12th. Finally, Zacks Research cut Scor from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, March 25th. Three analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy”.
Read Our Latest Stock Report on Scor
Scor Stock Performance
The company’s 50-day moving average is $3.42 and its 200 day moving average is $3.35. The company has a market capitalization of $6.37 billion, a PE ratio of 6.57 and a beta of 0.55.
Scor (OTCMKTS:SCRYY – Get Free Report) last issued its earnings results on Wednesday, March 4th. The financial services provider reported $0.14 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.13 by $0.01. The business had revenue of $5.28 billion during the quarter, compared to analysts’ expectations of $3.83 billion. Scor had a net margin of 5.55% and a return on equity of 20.42%. On average, analysts forecast that Scor SE will post -0.01 EPS 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.