Scor (OTCMKTS:SCRYY) Announces Quarterly Earnings Results

Scor (OTCMKTS:SCRYY) announced its quarterly earnings results on Thursday. The financial services provider reported $0.12 earnings per share for the quarter, beating the consensus estimate of $0.10 by $0.02, Zacks reports. Scor had a net margin of 5.79% and a return on equity of 20.83%.

Scor Price Performance

SCRYY traded up $0.18 during trading hours on Thursday, hitting $4.10. 4,219 shares of the stock were exchanged, compared to its average volume of 9,714. The stock has a market cap of $7.36 billion, a price-to-earnings ratio of 7.20 and a beta of 0.59. Scor has a 12 month low of $2.95 and a 12 month high of $4.10. The stock has a 50-day simple moving average of $3.71 and a 200-day simple moving average of $3.59.

Analyst Upgrades and Downgrades

Several equities research analysts have recently issued reports on SCRYY shares. BNP Paribas Exane cut Scor from an “outperform” rating to a “neutral” rating in a report on Wednesday, June 17th. Citigroup restated a “buy” rating on shares of Scor in a research report on Thursday, May 7th. Finally, Morgan Stanley reiterated an “overweight” rating on shares of Scor in a report on Thursday, May 7th. Three investment analysts have rated the stock with a Buy rating and three have given a Hold rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy”.

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.