Scor (OTCMKTS:SCRYY) Shares Gap Down - Here's What Happened

Key Points

• Scor SE shares gapped down from a previous close of $3.53 to open at $3.42, with the last trade at $3.48 and a trading volume of 6,972 shares.
• Analysts have varying ratings for Scor, with Zacks Research upgrading it to a "strong-buy" and a consensus rating of "Buy" from several analysts.
• Scor reported earnings of $0.14 per share for its last quarter, which exceeded analyst estimates and generated $5.35 billion in revenue.

Scor SE (OTCMKTS:SCRYY - Get Free Report) shares gapped down prior to trading on Monday . The stock had previously closed at $3.53, but opened at $3.42. Scor shares last traded at $3.48, with a volume of 6,972 shares changing hands.

Analyst Ratings Changes

A number of research analysts recently commented on the stock. Zacks Research upgraded shares of Scor from a "hold" rating to a "strong-buy" rating in a research note on Thursday. Royal Bank Of Canada reissued an "outperform" rating on shares of Scor in a report on Tuesday, October 14th. Finally, Morgan Stanley reissued an "overweight" rating on shares of Scor in a report on Monday, October 13th. Two research analysts have rated the stock with a Strong Buy rating, two have given a Buy rating and two have given a Hold rating to the company. According to MarketBeat.com, Scor currently has a consensus rating of "Buy".

Scor Stock Performance

The stock has a market cap of $6.02 billion, a P/E ratio of 10.16 and a beta of 0.87. The stock's fifty day simple moving average is $3.38 and its 200-day simple moving average is $3.25.

Scor (OTCMKTS:SCRYY - Get Free Report) last issued its quarterly earnings results on Thursday, July 31st. The financial services provider reported $0.14 earnings per share for the quarter, topping analysts' consensus estimates of $0.11 by $0.03. Scor had a net margin of 3.41% and a return on equity of 11.92%. The company had revenue of $5.35 billion during the quarter, compared to the consensus estimate of $5.27 billion. As a group, equities research analysts forecast that Scor SE will post -0.01 earnings per share for the current year.

About Scor

SCOR SE, together with its subsidiaries, provides life and non-life reinsurance products in Europe, the Middle East, Africa, the Americas, Latin America, and Asia Pacific. It operates in two segments, SCOR P&C and SCOR L&H. The SCOR P&C segment offers reinsurance products in the areas of property, motors, casualty treaties, credit and surety, decennial insurance, aviation, marine and energy, engineering, agricultural risks, and property catastrophes; specialties insurance products, including business solutions, political and credit risks, cyber, and environmental liability; and business ventures and partnerships.

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