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

Scor logo with Finance background

Scor SE (OTCMKTS:SCRYY - Get Free Report)'s share price gapped down before the market opened on Wednesday . The stock had previously closed at $3.30, but opened at $3.19. Scor shares last traded at $3.35, with a volume of 7,840 shares traded.

Wall Street Analysts Forecast Growth

Several brokerages have weighed in on SCRYY. The Goldman Sachs Group upgraded Scor to a "strong-buy" rating in a research note on Monday, March 24th. UBS Group cut shares of Scor from a "strong-buy" rating to a "hold" rating in a report on Monday, March 31st. Two research analysts have rated the stock with a hold rating, one has given a buy rating and two have issued a strong buy rating to the company. Based on data from MarketBeat.com, the company has an average rating of "Buy".

Read Our Latest Stock Analysis on Scor

Scor Price Performance

The firm's 50-day simple moving average is $3.27 and its 200 day simple moving average is $2.91.

Scor (OTCMKTS:SCRYY - Get Free Report) last posted its quarterly earnings data on Wednesday, May 7th. The financial services provider reported $0.11 EPS for the quarter, beating the consensus estimate of $0.07 by $0.04. Scor had a negative return on equity of 0.09% and a negative net margin of 0.01%. The business had revenue of $5.58 billion for the quarter, compared to the consensus estimate of $4.69 billion. On average, equities analysts forecast that Scor SE will post -0.01 EPS for the current year.

Scor Cuts Dividend

The company also recently declared a dividend, which was paid on Wednesday, May 21st. Stockholders of record on Friday, May 2nd were paid a dividend of $0.1375 per share. The ex-dividend date was Thursday, May 1st. This represents a dividend yield of 4.32%.

Scor Company Profile

(Get Free Report)

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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