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

Key Points

• Scor shares gapped down at the open from $3.74 to $3.50 (about a 5.4% drop) and last traded at $3.50 on a light volume of 502 shares.
• Analyst views have shifted recently: Zacks and Goldman Sachs downgraded to Hold while BNP Paribas Exane upgraded to Outperform, leaving a MarketBeat consensus of Moderate Buy (three Buy, two Hold).
• Scor beat quarterly estimates with $0.14 EPS vs. $0.13 expected and revenue of $5.28B vs. $3.83B expected; the company has a market cap of $6.32B and a PE of 6.52.

Scor SE (OTCMKTS:SCRYY - Get Free Report)'s share price gapped down before the market opened on Monday . The stock had previously closed at $3.74, but opened at $3.50. Scor shares last traded at $3.50, with a volume of 502 shares.

Analyst Ratings Changes

Several analysts recently commented on SCRYY shares. Zacks Research lowered Scor from a "strong-buy" rating to a "hold" rating in a report on Wednesday, March 25th. BNP Paribas Exane upgraded Scor from a "neutral" rating to an "outperform" rating in a research report on Monday, January 12th. Finally, The Goldman Sachs Group downgraded Scor from a "strong-buy" rating to a "hold" rating in a research report on Wednesday, January 21st. Three analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. According to MarketBeat, the company presently has a consensus rating of "Moderate Buy".

Scor Stock Down 5.4%

The firm has a market cap of $6.32 billion, a PE ratio of 6.52 and a beta of 0.59. The firm has a 50-day moving average price of $3.59 and a two-hundred day moving average price of $3.39.

Scor (OTCMKTS:SCRYY - Get Free Report) last released its earnings results on Wednesday, March 4th. The financial services provider reported $0.14 earnings per share for the quarter, beating the consensus estimate of $0.13 by $0.01. The business had revenue of $5.28 billion for the quarter, compared to the consensus estimate of $3.83 billion. Scor had a return on equity of 19.75% and a net margin of 5.55%. Research analysts forecast that Scor SE will post 0.49 earnings per share for the current fiscal year.

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.

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