Scor (OTCMKTS:SCRYY) Hits New 1-Year High on Earnings Beat

Scor SE (OTCMKTS:SCRYY) shares reached a new 52-week high on Thursday after the company announced better than expected quarterly earnings. The company traded as high as $4.04 and last traded at $4.03, with a volume of 3219 shares changing hands. The stock had previously closed at $3.9170.

The financial services provider reported $0.12 EPS for the quarter, beating analysts’ consensus estimates of $0.10 by $0.02. Scor had a net margin of 5.79% and a return on equity of 20.83%.

Wall Street Analyst Weigh In

A number of research firms recently commented on SCRYY. Morgan Stanley reiterated an “overweight” rating on shares of Scor in a report on Thursday, May 7th. Citigroup reaffirmed a “buy” rating on shares of Scor in a research report on Thursday, May 7th. Finally, BNP Paribas Exane downgraded Scor from an “outperform” rating to a “neutral” rating in a research note on Wednesday, June 17th. Three research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy”.

Scor Stock Performance

The firm has a market cap of $7.23 billion, a P/E ratio of 7.07 and a beta of 0.59. The firm’s fifty day moving average is $3.71 and its 200 day moving average is $3.59.

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.