Scor (OTCMKTS:SCRYY) Shares Gap Up After Earnings Beat

Scor SE (OTCMKTS:SCRYY) gapped up prior to trading on Friday following a better than expected earnings announcement. The stock had previously closed at $3.7195, but opened at $3.95. Scor shares last traded at $3.95, with a volume of 342 shares trading hands.

The financial services provider reported $0.13 earnings per share for the quarter, beating the consensus estimate of $0.12 by $0.01. Scor had a return on equity of 19.18% and a net margin of 5.50%.

Analyst Ratings Changes

Separately, UBS Group downgraded Scor from a “hold” rating to a “sell” rating in a research report on Tuesday, August 18th. Two research 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 MarketBeat, the company has a consensus rating of “Hold”.

Scor Stock Performance

The firm has a market cap of $7.09 billion, a PE ratio of 7.31 and a beta of 0.56. The stock has a fifty day moving average price of $3.83 and a 200-day moving average price of $3.68.

Scor Company Profile

SCOR SE is a France-based global reinsurance company that provides risk-transfer solutions to insurance companies and other institutional clients. Its business is primarily organized around property and casualty reinsurance, as well as life and health reinsurance.

The company’s property and casualty activities cover risks such as natural catastrophes, climate-related events, specialty lines, liability, marine, aviation and other commercial exposures. Through its life and health business, SCOR supports insurers with protection, longevity, mortality and health-related reinsurance solutions.