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

Scor SE (OTCMKTS:SCRYY) shares gapped up prior to trading on Thursday . The stock had previously closed at $3.58, but opened at $3.83. Scor shares last traded at $3.83, with a volume of 200 shares traded.

Analysts Set New Price Targets

Several equities research analysts have commented on the stock. Citigroup reiterated a “buy” rating on shares of Scor in a research note on Thursday, May 7th. Morgan Stanley reiterated an “overweight” rating on shares of Scor in a research note on Thursday, May 7th. Finally, Zacks Research lowered shares of Scor from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, March 25th. Four equities research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company’s stock. According to data from MarketBeat, Scor presently has a consensus rating of “Moderate Buy”.

Scor Stock Performance

The stock has a market cap of $6.55 billion, a PE ratio of 6.40 and a beta of 0.59. The company’s 50 day simple moving average is $3.68 and its 200 day simple moving average is $3.44.

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