Scor (OTCMKTS:SCRYY) Stock Price Down 6.5% – Here’s Why

Scor SE (OTCMKTS:SCRYY)’s share price dropped 6.5% during trading on Wednesday . The company traded as low as $3.87 and last traded at $3.87. 1,376 shares were traded during mid-day trading, a decline of 85% from the average session volume of 9,044 shares. The stock had previously closed at $4.14.

Analyst Upgrades and Downgrades

A number of research analysts have recently issued reports on the company. UBS Group downgraded Scor from a “hold” rating to a “sell” rating in a report on Tuesday, August 18th. BNP Paribas Exane lowered Scor from an “outperform” rating to a “neutral” rating in a research report on Wednesday, June 17th. Three analysts have rated the stock with a Buy rating, three have issued a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, Scor has a consensus rating of “Hold”.

Scor Trading Down 1.5%

The business’s 50 day simple moving average is $3.93 and its two-hundred day simple moving average is $3.73. The firm has a market capitalization of $6.90 billion, a PE ratio of 7.13 and a beta of 0.57.

Scor (OTCMKTS:SCRYY) last released its quarterly earnings results on Thursday, July 30th. The financial services provider reported $0.12 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.10 by $0.02. The firm had revenue of $4.17 billion for the quarter, compared to the consensus estimate of $4.25 billion. Scor had a return on equity of 19.18% and a net margin of 5.50%. As a group, equities research analysts anticipate 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.