Scor (OTCMKTS:SCRYY) Shares Gap Down – What’s Next?
by Michael Walen · The Markets DailyShares of Scor SE (OTCMKTS:SCRYY – Get Free Report) gapped down before the market opened on Thursday . The stock had previously closed at $3.25, but opened at $3.09. Scor shares last traded at $3.26, with a volume of 5,628 shares.
Analysts Set New Price Targets
A number of brokerages have recently issued reports on SCRYY. The Goldman Sachs Group cut shares of Scor from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, January 21st. Morgan Stanley restated an “overweight” rating on shares of Scor in a research report on Monday, October 13th. Zacks Research raised Scor from a “hold” rating to a “strong-buy” rating in a research note on Thursday, October 16th. BNP Paribas Exane raised Scor from a “neutral” rating to an “outperform” rating in a research note on Monday, January 12th. Finally, Royal Bank Of Canada restated an “outperform” rating on shares of Scor in a research report on Tuesday, October 14th. One equities research analyst has rated the stock with a Strong Buy rating, three have given a Buy rating and two have assigned a Hold rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy”.
Get Our Latest Stock Analysis on SCRYY
Scor Price Performance
The company has a 50 day moving average price of $3.25 and a two-hundred day moving average price of $3.32. The stock has a market cap of $5.73 billion, a PE ratio of 5.91 and a beta of 0.59.
Scor (OTCMKTS:SCRYY – Get Free Report) last posted its quarterly earnings data on Friday, October 31st. The financial services provider reported $0.14 EPS for the quarter, meeting analysts’ consensus estimates of $0.14. Scor had a return on equity of 20.01% and a net margin of 5.63%.The business had revenue of $4.34 billion for the quarter, compared to analyst estimates of $3.75 billion. As a group, equities analysts predict that Scor SE will post -0.01 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.